The Enforcement Directorate seized luxury cars, bank lockers, and Rs 17 lakh in cash during raids at 10 locations in Delhi, Gurugram, and Rohtak. The raids targeted a fugitive, UAE-based businessman involved in illegal extortion and coercive loan settlements. The ED conducted the search operations on December 26 and 27 as part of a money laundering case against Inderjit Singh Yadav and his associated entities.
The investigation is focusing on Yadav’s activities related to illegal extortion, coercive loan settlements of private financers, arms intimidation, and earning commissions from illicit practices. It was discovered that Yadav operated a website for facilitating loan settlements between corporate houses and private financers. Assets acquired in the name of Yadav and his family members were found to be linked to proceeds of crime.
The ED’s probe was initiated based on multiple FIRs registered by Haryana Police and UP Police against Yadav and his associates. Yadav, known for criminal activities like murder, extortion, fraud, and illegal land grabbing, is currently absconding and operating from the UAE. The investigation revealed his involvement in coercive settlements of high-value private loan transactions and financial disputes.
Corporate houses like Apollo Green Energy Ltd were found to borrow significant sums from private financers and use post-dated cheques as security. Yadav allegedly played a key role in facilitating coercive settlements of these transactions through threats and intimidation. The search operation led to the seizure of luxury cars, bank lockers, cash, incriminating documents, and digital data related to Yadav and his associates.
