New Delhi, Jan 2 (NationPress) In the ongoing investigations connected to UAE-based loan shark Inderjit Singh Yadav, the Enforcement Directorate (ED) has executed searches at various locations in Delhi, uncovering jewellery worth Rs 17.4 crore and cash amounting to Rs 6.24 crore, as reported by officials on Friday.

During these raids, the ED's Gurugram Zonal Office also confiscated numerous cheque books and documents pertaining to real estate valued at Rs 35 crore, alongside other incriminating materials and digital data, according to an official statement.

The search operations were carried out on December 30, 2025, and January 1, 2026, at multiple locations in accordance with the Prevention of Money Laundering Act (PMLA), 2002.

This investigation focuses on Yadav, his accomplices, and affiliated individuals alleged to be involved in unlawful extortion, coercive loan settlements with private lenders, threats involving firearms, and commission generation from these illicit operations, the ED explained.

Initiation of this investigation stemmed from over 15 FIRs and charge sheets presented by the Haryana and Uttar Pradesh Police against Yadav and his associates under various sections of the Arms Act, 1959, Bharatiya Nyaya Sanhita (BNS), 2023, and the Indian Penal Code, 1860.

In these FIRs, Yadav, identified as the owner and primary operator of Gem Records Entertainment (trading as 'Gems Tunes'), is recognized as a notorious figure linked to serious criminal activities including murder, extortion, coercive loan settlements, fraud, cheating, illegal land grabbing, and violent crimes.

Currently wanted by Haryana Police, Yadav is reportedly evading arrest while operating from the UAE.

Following specific intelligence, the ED also searched the residence of Yadav's associate Aman Kumar, who played a crucial role in managing funds and negotiating settlements with private financiers.

Kumar was discovered in possession of proceeds of crime and attempting to conceal them.

The search yielded cash of Rs 6.24 crore, jewellery worth nearly Rs 17.4 crore, multiple cheque books, and documents concerning real estate valued at about Rs 35 crore, along with other incriminating evidence and digital information, the ED reported.

Previously, this investigation had led to the seizure of five luxury vehicles, bank lockers, cash amounting to Rs 17 lakh, various incriminating documents, digital devices, and data related to Yadav and his associates.

It was further revealed that several movable and immovable assets were acquired in the names of Yadav and his family members using proceeds from crime.

The ED's investigation highlighted that certain corporate entities reportedly borrow substantial amounts of cash from private financiers based in Dighal village, Haryana's Jhajjar district, using post-dated cheques as collateral.

It also uncovered that Yadav acted as a strongman and enforcer, facilitating coercive settlements of high-stakes private loan agreements and financial disputes amounting to hundreds of crores.

Allegations suggest these settlements were executed through threats, intimidation, and the use of armed associates and local gangs, aided by international organized crime syndicates, according to the ED.