The Enforcement Directorate (ED) has attached assets worth ₹90.04 crore in the case of “strongman” Inderjeet Singh Yadav, who along with his aides allegedly facilitated coercive settlements of high-value private loan disputes running into hundreds of crores for corporate houses through intimidation. Wanted by three enforcement agencies, the accused is currently residing in the United Arab Emirates (UAE).
The properties that were attached on Thursday (February 26, 2026) comprise various plots and land parcels, residential and commercial properties owned by Mr. Yadav and his wife, Reena Kumari.
Several FIRs, chargesheets
Investigations under the Prevention of Money Laundering Act (PMLA) was initiated by the ED based on more than 15 First Information Reports registered, and chargesheets filed by the police in Haryana and Uttar Pradesh, against Mr. Yadav and his associates under various provisions of the Arms Act, Bharatiya Nyaya Sanhita (BNS), and the erstwhile Indian Penal Code (IPC).
It was alleged that Mr. Yadav, owner and key controller of Gem Records Entertainment Private Limited (operating as ‘Gems Tunes’), was a known strongman involved in criminal activities like murder, extortion, coercive settlements of loans given by private financiers, fraud, cheating, land grabbing, and other violent offences.
According to the ED, “certain corporate houses like Apollo Green Energy Ltd and others allegedly availed huge private loans from private financiers based in Dighal, Jhajjar (Haryana), and issued post-dated cheques as security”.
Mr. Yadav allegedly acted as a strongman and enforcer, who facilitated coercive settlements of these high-value private loan disputes using “threats, intimidation and the use of armed associates/local armed gangs with the involvement of organised crime syndicates operating from abroad”.
The main accused is also said to be connected to the murder of a financier based out of Dighal in Haryana. “Investigation so far has unearthed Proceeds of Crime amounting to more than ₹110 crore…attributable to Inderjeet Singh Yadav, which were subsequently utilised for acquisition of immovable properties, luxury vehicles and maintenance of a lavish lifestyle, while declaring minimal income in his tax returns,” said the agency.
Not joined probe: ED
The ED said despite being given multiple opportunities, Mr. Yadav has not joined the investigation so far, thereby evading the due process of law.
Earlier, the agency had carried out searches at various premises related to Mr. Yadav and other related persons/entities resulting into the seizure of ₹6.41 crore in cash, jewellery valued at about ₹17.4 crore, five luxury vehicles, multiple cheque books, and documents related to immovable properties worth about ₹35 crore.