ED attaches Rs 90 cr Gurugram properties of UAE-based fugitive
Over 15 FIRs, Rs 110 crore proceeds of crime traced, says agency
The Enforcement Directorate (ED) has attached immovable properties worth Rs 90.04 crore in Gurugram belonging to UAE-based fugitive Inderjeet Singh Yadav and his wife, Reena Kumari, under the Prevention of Money Laundering Act (PMLA).
The provisional attachment order was issued by the ED’s Zonal Office on Thursday. The attached assets include residential and commercial plots allegedly linked to Yadav, who owns Gem Records Entertainment Private Limited, operating as “Gems Tunes”.
According to the ED, Yadav is the alleged kingpin of a syndicate involved in more than 15 criminal cases ranging from murder and extortion to large-scale financial fraud exceeding Rs 110 crore.
The ED initiated its investigation on the basis of over 15 FIRs and chargesheets filed by the Haryana Police and Uttar Pradesh Police against Yadav and his associates under various provisions of the Arms Act, 1959, the Bharatiya Nyaya Sanhita (BNS), 2023, and the Indian Penal Code.
“In the FIRs, it has been alleged that Yadav, owner and key controller of Gem Records Entertainment Private Limited (operating as ‘Gems Tunes’), is a known strongman involved in criminal activities like murder, extortion, coercive settlements of loans given by private financers, fraud, cheating, illegal land grabbing, and violent offences,” the ED said.
The agency stated that Yadav is wanted in multiple cases by the Haryana Police and is currently absconding and operating from the UAE.
The investigation revealed that corporate entities, including Apollo Green Energy Limited and others, allegedly availed large private loans from financiers based in Dighal village in Jhajjar district and issued post-dated cheques as security.
“The investigation established that Yadav acted as a strongman and enforcer, who facilitated coercive settlements of these high-value private loan disputes running into hundreds of crores of rupees, through threats, intimidation and the use of armed associates/local armed gangs with the involvement of organised crime syndicates operating from abroad,” the ED said.
The agency further stated that Yadav has been named in the murder of a Dighal-based financier and is reportedly absconding in that case as well.
The ED claimed that its probe has so far unearthed proceeds of crime exceeding Rs 110 crore allegedly attributable to Yadav. These funds were allegedly used for acquiring immovable properties, luxury vehicles and maintaining a lavish lifestyle, while minimal income was declared in tax returns.
“Despite being given multiple opportunities, Yadav has not joined investigation by allegedly residing in the UAE thereby evading due process of law,” the ED added.
Earlier searches conducted in the case led to the seizure of Rs 6.41 crore in cash, jewellery worth Rs 17.4 crore, five luxury vehicles, multiple cheque books and documents relating to immovable properties valued at Rs 35 crore, along with other incriminating documents and digital data.
