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2d ago

ED Seizes Luxury Cars, Cash in Raids Targeting Alleged Loan-Settlement Racket

The probe focuses on suspected laundering of proceeds from coercive private-loan settlements after 10 searches across Delhi, Gurugram, Rohtak.

Inderjit had developed and operated a website facilitating loan settlements between corporate houses and private financiers.
Yadav is wanted in various cases lodged by Haryana Police and is currently absconding and said to be operating from the UAE, the statement said. (Getty Images)
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Overview

  • The Enforcement Directorate said it searched 10 locations on December 26–27 in Delhi, Gurugram and Rohtak under a PMLA case against Inderjit Singh Yadav and associates.
  • Officers seized five luxury cars, bank lockers, ₹17 lakh in cash, digital devices and documents said to contain incriminating data.
  • Investigators said they found a website allegedly created by Yadav to facilitate settlements between corporate borrowers and private financiers.
  • The agency opened the probe on more than 15 FIRs and chargesheets from Haryana and Uttar Pradesh Police alleging extortion, arms offences and coercive recoveries.
  • The ED alleges Yadav earned commissions running into hundreds of crores, moved proceeds into properties and vehicles via fronts such as Apollo Green Energy and Gem Records, and remains absconding from the UAE.