In a series of searches connected to loan goon kingpin Inderjit Singh Yadav based in the UAE, the Enforcement Directorate (ED) carried out raids at various locations in Delhi. They uncovered jewelry worth Rs 17.4 crore and cash amounting to Rs 6.24 crore. Additionally, the ED’s Gurugram Zonal Office seized multiple cheque books, documents related to immovable properties valued at Rs 35 crore, and other incriminating documents and digital data.
The search operations, conducted on December 30, 2025, and January 1, 2026, were authorized under the Prevention of Money Laundering Act (PMLA), 2002. The investigation focuses on Yadav, his associates, and other related entities/persons allegedly engaged in illegal activities such as extortion, coercive loan settlements, and commission generation through unlawful means. These activities include intimidation using arms.
Yadav, the owner of Gem Records Entertainment operating as ‘Gems Tunes,’ is accused of various criminal acts like murder, extortion, fraud, and illegal land grabbing. He is wanted in multiple cases by the Haryana Police and is currently evading authorities while operating from the UAE. The ED also searched the premises of Yadav’s aide Aman Kumar, who was involved in fund routing and settlements with private financiers, leading to the seizure of cash and jewelry.
