Indrajeet Singh has issued a statement following recent Enforcement Directorate (ED) searches conducted at multiple locations linked to him, his associates, and connected entities in Delhi and surrounding areas. These searches were part of an ongoing money laundering investigation.
While the ED claimed to have seized substantial assets, including cash, valuables, vehicles, and property documents, Indrajeet Singh has refuted these claims. According to a NBT report, he stated that the agency did not recover even Rs 100 from his premises. He described the reports of large recoveries as speculative and misleading.
The ED's investigation is based on more than 15 FIRs and chargesheets filed by Haryana and Uttar Pradesh police. These charges relate to various sections of the Arms Act, Bharatiya Nyaya Sanhita, and the Indian Penal Code, against Inderjit Singh Yadav and his associates. The ED initiated a money laundering probe into alleged extortion, coercive loan settlements of private financiers, armed intimidation, and commission earnings from illegal activities.
The Enforcement Directorate (ED) alleges that Indrajeet Singh Yadav acted as a strongman and enforcer, facilitating coercive settlements of high-value private loan transactions and financial disputes potentially worth hundreds of crores. These settlements were allegedly executed through threats, intimidation, and the involvement of armed associates and local gangs, potentially with the involvement of organized crime syndicates operating from abroad. The ED suggests that Yadav earned substantial commissions from these settlements.
The ED claims that it seized approximately Rs 6.51 crore in cash, jewellery worth about Rs 17.4 crore, five luxury vehicles valued at Rs 8–9 crore, and documents related to immovable properties estimated at nearly Rs 35 crore. The agency alleges that these activities generated proceeds that were subsequently routed through money laundering channels.
According to the ED, Indrajeet Singh Yadav left India after earlier searches by the Income Tax Department and has been operating from abroad to avoid arrest. The agency stated that steps are being taken to bring him back to India for legal action. The ED has also conducted raids at locations linked to Indrajeet Singh Yadav’s aides, seizing further cash and jewelry. Recently, the ED seized an additional ₹1.22 crore in cash and jewelry worth over ₹8 crore from associates of Indrajeet Singh Yadav in New Delhi.
In response to these allegations, Indrajeet Singh Yadav has rejected the ED's claims, asserting that no cash or illegal material was seized during the searches. He stated that the searches were conducted on Friday, December 26, calmly and following legal procedure. Yadav said, “Not even Rs 100 in cash was seized from my premises. Only two to three computer systems were taken as part of routine examination.”. He has also offered to make the panchnama public to dispel any confusion.
The ED's investigation has revealed that Inderjit Singh Yadav, also known as Rao Inderjit Singh online, is the Managing Director of Gem Tunes, a company founded in 2020 that describes itself as a "leading producer and curator of Haryanvi content".
