ED Seizes Rs 90 Crore in Assets from Fugitive Music Mogul Inderjit Singh Yadav
The Directorate of Enforcement (ED), Gurgaon Zonal Office, has escalated its crackdown on Inderjit Singh Yadav, the absconding owner of a music company suspected to be hiding in Dubai. On Friday, the agency secured a Provisional Attachment Order under the Prevention of Money Laundering Act (PMLA), targeting immovable properties valued at approximately Rs 90 crore.
Properties Under Scrutiny
The provisionally attached assets encompass a diverse portfolio, including:
- Various plots and lands
- Residential properties
- Commercial properties
These properties are owned by Inderjit Singh Yadav and his wife, Reena Kumari, as part of an ongoing investigation into alleged financial crimes and violent offenses.
Background of the Investigation
The ED initiated its probe based on more than 15 First Information Reports (FIRs) and chargesheets filed by Haryana and Uttar Pradesh police. These cases involve serious allegations under the Arms Act, 1959, the Bharatiya Nyaya Sanhita (BNS), 2023, and the Indian Penal Code, 1860.
Inderjit Singh Yadav, identified as the owner and key controller of M/s Gem Records Entertainment Pvt Ltd (operating as 'Gems Tunes'), is described as a known strongman with a criminal record. The accusations against him include:
- Murder
- Extortion
- Coercive settlements of private loans
- Fraud and cheating
- Illegal land grabbing
- Violent offenses
Currently, Yadav is wanted by Haryana Police in multiple cases and is believed to be absconding, operating from the United Arab Emirates (UAE).
Details of the Alleged Crimes
ED investigations have uncovered that corporate entities, such as Apollo Green Energy Ltd, allegedly obtained substantial private loans from financiers based in Dighal, Jhajjar. As security, they issued post-dated cheques, which later became contentious.
Inderjit Singh Yadav is accused of acting as a strongman and enforcer in these disputes. He allegedly facilitated coercive settlements for high-value private loans, amounting to hundreds of crores of rupees, through threats, intimidation, and the deployment of armed associates or local gangs. This activity is linked to organized crime syndicates operating from abroad.
Furthermore, Yadav has been named in connection with the murder of a Dighal-based financier and is reportedly absconding in that case as well.
Financial Findings and Evasion
So far, the investigation has traced proceeds of crime exceeding Rs 110 crore, attributed to Inderjit Singh Yadav. These funds were allegedly used for:
- Acquiring immovable properties
- Purchasing luxury vehicles
- Maintaining a lavish lifestyle
Despite declaring minimal income in his tax returns, Yadav has not cooperated with the investigation. He has been given multiple opportunities to participate but has allegedly remained in the UAE, evading the due process of law.
The ED's actions underscore a significant effort to dismantle the financial networks of alleged criminals, even as they operate from overseas. This case highlights the ongoing challenges in tackling cross-border financial crimes and the agency's commitment to enforcing anti-money laundering laws.
