The Enforcement Directorate (ED) arrested Rakesh Gupta, a former top official of Apollo Green Energy, in connection with a money laundering case involving fugitive Inderjeet Singh. Gupta, who served as the Chief Financial Officer/President- Strategic Initiatives of Apollo Green Energy, was taken into custody by the ED’s Gurugram Zonal Office under the Prevention of Money Laundering Act (PMLA), 2002. This arrest is part of an ongoing investigation related to Inderjeet Singh and others.
The ED’s action followed Gupta’s non-compliance with four summons and the issuance of a non-bailable warrant against Inderjeet Singh by the Special PMLA Court in Gurugram. Inderjeet Singh, wanted by the Haryana Police in various cases including fraud, cheating, illegal land grabbing, and violent offenses, was sent to ED custody for five days by the Special PMLA Court in Gurugram. The ED’s probe was initiated based on multiple FIRs and charge sheets filed by the Haryana Police and Uttar Pradesh Police against Inderjeet Singh and his associates.
According to the ED, Inderjeet Singh, the owner of Gem Records Entertainment, is known for criminal activities such as murder, extortion, fraud, and illegal land grabbing. Singh, who is currently absconding and operating from the UAE, is implicated in cases involving hundreds of crores of rupees. The investigation revealed that corporate entities like Apollo Green Energy had taken substantial private loans from financiers and defaulted on repayments, leading to coercive settlements facilitated by Singh.
The ED’s investigation also uncovered Gupta’s role in introducing Inderjeet Singh to the Apollo Group, resulting in coercive loan settlements and alleged involvement in a financier’s murder. Previous search operations in this case had led to the seizure of cash, jewelry, and luxury vehicles. Additionally, assets worth Rs 90.04 crore have been attached by the ED, with a charge sheet filed before the Special PMLA Court in Gurugram.
