New Delhi, Feb 27 (NationPress) The Enforcement Directorate (ED) has seized properties valued at Rs 90.04 crore in Gurugram that are connected to the UAE-based fugitive Inderjeet Singh Yadav. He is allegedly entangled in various unlawful activities, including coercive loan settlements, murder, and fraud exceeding Rs 110 crore, as stated by an official on Friday.

The ED's Gurugram Zonal Office has attached several plots along with residential and commercial properties owned by Yadav and his spouse, Reena Kumari, as per the official statement.

The provisional attachment order was issued under the Prevention of Money Laundering Act (PMLA), 2002, on Thursday, leading to the confiscation of these immovable properties.

The investigation commenced based on over 15 FIRs and charge sheets filed by the Haryana and Uttar Pradesh Police against Yadav and his associates. These charges involve various breaches of the Arms Act, 1959, the Bharatiya Nyaya Sanhita (BNS), 2023, and the Indian Penal Code, 1860.

According to the ED statement, Yadav, who is the proprietor and principal operator of Gem Records Entertainment Private Limited (trading as 'Gems Tunes'), is notorious for his involvement in severe criminal activities, such as murder, extortion, and illegal land acquisition.

Currently, Yadav is a wanted individual by the Haryana Police and is believed to be in hiding in the UAE.

The ED's investigation revealed that businesses like Apollo Green Energy Limited allegedly took substantial loans from private financiers in Dighal, Jhajjar, Haryana, and provided postdated cheques as collateral.

The inquiry established that Yadav acted as a strongman, orchestrating coercive resolutions of high-stakes loan disputes worth hundreds of crores through intimidation and the use of armed groups, with connections to international crime syndicates.

Additionally, Yadav has been implicated in the murder of a financier from Dighal and is currently a fugitive in that case, according to the central investigative agency.

To date, investigations have uncovered illicit gains exceeding Rs 110 crore linked to Yadav, which were subsequently used to acquire real estate, luxury vehicles, and to sustain a lavish lifestyle, while reporting minimal income in his tax filings.

The ED noted that despite several opportunities to cooperate, Yadav has evaded the investigation by allegedly residing in the UAE.

Previously, the ED executed search operations at various locations associated with Yadav and related entities, resulting in the seizure of Rs 6.41 crore in cash, jewellery worth Rs 17.4 crore, five luxury vehicles, multiple cheque books, and documentation of properties valued at Rs 35 crore, along with other incriminating evidence and digital data.