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The Enforcement Directorate (ED) has conducted searches at 10 locations in Delhi and Haryana’s Gurugram and Rohtak in connection with a case involving extortion and coercive settlement of loans taken from private financiers, the agency said on Monday (December 29, 2025).
The alleged money laundering case is related to one Inderjit Singh Yadav, his accomplices, Apollo Green Energy Limited, and other associated entities and persons.
The ED initiated investigations based on more than 15 First Information Reports (FIRs) and chargesheets filed by the police in Haryana and Uttar Pradesh against Mr. Yadav and his associates.
“In the said FIRs, it has been alleged that Inderjeet Singh Yadav, owner and key controller of Gem Records Entertainment Pvt. Ltd. (operating as ‘Gems Tunes’), is a known strongman involved in criminal activities like murder, extortion, coercive settlements of loans given by private financiers, fraud, cheating, illegal land grabbing, and violent offences. Inderjit Singh Yadav is wanted in various cases of the Haryana Police and is currently absconding and operating from the United Arab Emirates,” the ED said.
“Certain corporate houses like Apollo Green Energy Ltd. and others allegedly borrow huge sums of money in cash from Jhajjar (Dighal)-based private financiers and issue post-dated cheques as security,” according to the agency.
“Investigation also revealed that Inderjeet Singh Yadav acted as a strongman and enforcer, facilitating coercive settlement of these highvalue private loan transactions and financial disputes running into hundreds of crores of rupees. These settlements were allegedly executed through threats, intimidation, and the use of armed associates/local armed gangs with the involvement of organised crime syndicates operating from abroad,” it said.
Mr. Yadav allegedly earned hundreds of crores as commissions from these corporates. The income so generated by him in these fraudulent ways, running into crores of rupees, was allegedly used for the acquisition of immovable properties, luxury cars, and maintaining a luxurious life, while declaring minimum income tax returns.
The search operation has resulted in the seizure of five luxury cars, bank lockers, ₹17 lakh in cash, various incriminating documents, digital devices, and digital data linked to the main accused.
The ED also detected a website/portal developed and operated by Mr. Yadav for loan settlement between corporate houses and private financiers. Details of the moveable and immoveable assets acquired in his name and that of his family members, acquired from the proceeds of alleged crime, have also been gathered by the agency.
Published – December 29, 2025 05:01 pm IST
