ED issues provisional order to attach assets of music baron

Chandigarh: Tightening the noose around Inderjit Singh Yadav, the fugitive owner of a music company who allegedly escaped to Dubai, the Directorate of Enforcement (ED), Gurgaon Zonal Office, on Friday claimed to have got a Provisional Attachment Order issued under the PMLA Act for attaching immovable properties worth Rs 90 crore (approx). The provisionally attached properties comprise various plots/lands, and residential and commercial properties owned by Inderjeet Singh Yadav and his wife, Reena Kumari.ED had initiated an investigation on the basis of more than 15 FIRs registered and chargesheets filed by Haryana police and Uttar Pradesh police against Inderjeet Singh Yadav and his associates under various provisions of the Arms Act, 1959, Bharatiya Nyaya Sanhita (BNS), 2023, and the Indian Penal Code, 1860. In the said FIRs, it was alleged that Inderjeet Singh Yadav, owner and key controller of M/s Gem Records Entertainment Pvt Ltd (operating as ‘Gems Tunes'), is a known strongman involved in criminal activities such as murder, extortion, coercive settlements of loans given by private financers, fraud, cheating, illegal land grabbing, and violent offences. Inderjeet Singh Yadav is wanted in various cases of Haryana Police and is currently absconding and operating from the UAE. ED investigation revealed that certain corporate houses, such as Apollo Green Energy Ltd and others, allegedly availed huge private loans from private financers based in Dighal, Jhajjar, and issued post-dated cheques as security.The investigation further established that Inderjeet Singh Yadav acted as a strongman and enforcer who facilitated coercive settlements of these high-value private loan disputes running into hundreds of crores of rupees through threats, intimidation, and the use of armed associates/local armed gangs, with the involvement of organised crime syndicates operating from abroad. Inderjeet Singh Yadav was also named as being involved in the murder of a Dighal-based financier and is reportedly absconding in that case. The investigation so far unearthed proceeds of crime amounting to more than Rs 110 crore (approx.) attributable to Inderjeet Singh Yadav, which were subsequently utilised for the acquisition of immovable properties, luxury vehicles, and the maintenance of a lavish lifestyle, while declaring minimal income in his tax returns. Despite being given multiple opportunities, Inderjeet Singh Yadav did not join the investigation, allegedly residing in the UAE and thereby evading due process of law.MSID:: 128846513 413 |