In a major crackdown, the Enforcement Directorate (ED) has tightened its grip on fugitive music company owner Inderjit Singh Yadav, unearthing a massive trove of assets worth nearly Rs 59 crore. The Gurugram unit of the federal probe agency conducted extensive search operations this week, targeting a sprawling money laundering network allegedly run by the wanted strongman.
Massive Haul from Raids in Delhi-NCR
The Directorate of Enforcement carried out searches on Wednesday and Thursday at multiple locations across Delhi and the National Capital Region (NCR) of Haryana. These operations were part of an ongoing investigation under the stringent Prevention of Money Laundering Act (PMLA), 2002.
The agency seized movable and immovable properties, cash, and gold and silver jewellery with a total value of Rs 58.8 crore. The seized items include cash amounting to Rs 6.24 crore and jewellery valued at approximately Rs 17.4 crore. Investigators also confiscated multiple cheque books and documents related to immovable properties worth around Rs 35 crore, along with other incriminating documents and digital data.
The Criminal Empire of 'Gems Tunes' Owner
The ED initiated its probe based on more than 15 First Information Reports (FIRs) and chargesheets filed by the Haryana Police and Uttar Pradesh Police. Inderjit Singh Yadav, the owner and key controller of M/s Gem Records Entertainment Pvt Ltd, which operates under the brand 'Gems Tunes', is the prime accused.
Authorities allege that Yadav is a known strongman involved in a wide array of serious crimes. His alleged illegal activities include murder, extortion, coercive loan settlements with private financiers, fraud, cheating, illegal land grabbing, and other violent offences. He is currently a fugitive, wanted in multiple cases registered by Haryana Police and is believed to be operating from the United Arab Emirates (UAE).
The investigation targets Yadav, his syndicate of accomplices, and other associated entities. They are accused of generating proceeds of crime through illegal extortion, intimidation using arms, and commissions from unlawful settlements.
Tracking the Proceeds of Crime
During the latest raids, the ED also searched other persons connected to the case. One of Yadav's aides, Aman Kumar, was found to be in possession of proceeds of crime (POC). Kumar was allegedly instrumental in routing illicit funds and effecting coercive settlements with private financiers. The ED stated he was attempting to dissipate these proceeds when intercepted.
This is not the first major seizure in this case. Earlier last month, a similar search and seizure operation led to the confiscation of five luxury cars, bank lockers, cash worth Rs 17 lakh, and various incriminating documents and digital devices linked to Yadav and his network.
The latest actions underscore the ED's intensified efforts to dismantle the financial infrastructure of alleged criminal syndicates. The agency continues to trace and attach assets believed to have been acquired through the proceeds of serious predicate offences, including those under the Arms Act, 1959, and the Bharatiya Nyaya Sanhita (BNS), 2023.
