The Enforcement Directorate (ED) has attached properties valued at Rs 90.04 crore in Gurugram connected to the UAE-based fugitive Inderjeet Singh Yadav. Yadav is accused of coercive settlements of loans, murder, cheating, and fraud totaling over Rs 110 crore. The attached properties include various plots, residential, and commercial properties owned by Yadav and his wife Reena Kumari.
The ED took this action under the Prevention of Money Laundering Act (PMLA), 2002. The investigation was initiated based on multiple FIRs and charge sheets filed by Haryana Police and Uttar Pradesh Police against Yadav and his associates. Yadav, the owner of Gem Records Entertainment Private Limited, is alleged to be involved in criminal activities like murder, extortion, fraud, and illegal land grabbing.
Yadav, who is wanted by the Haryana Police and is currently absconding in the UAE, is accused of facilitating coercive settlements of high-value private loan disputes through threats and intimidation. The investigation revealed that proceeds of crime amounting to over Rs 110 crore were used by Yadav for acquiring properties, luxury vehicles, and maintaining a lavish lifestyle while underreporting income in tax returns.
