The Enforcement Directorate has seized five high-end cars, cash worth Rs 17 lakh, digital devices, files and other assets owned or linked to a UAE-based criminal.
The wanted criminal was identified as Inderjit Singh Yadav. ED is also probing his associates, Apollo Green Energy Ltd and other related entities. The raids were conducted on December 26 and 27 across 10 locations in Delhi, Gurugram and Rohtak.
Who is Inderjit Singh Yadav?
Operating from the UAE, Inderjit Singh Yadav is running a website that helped settle loan disputes between corporates and private financiers.
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In case of such disputes, he used goons and weapons to extort money and facilitate illegal land grabbing. He is also accused of murder, cheating and extortion.
He is facing cases in Haryana and Uttar Pradesh with 15 FIRs registered under the Arms Act and BNS.
The ED probe revealed that Apollo Green Energy Ltd borrowed large sums of money in cash from private money lenders in Jhajjar and gave them post-dated cheques as security. Inderjit would get a commission of crore of rupees for intervening when a dispute arises in these cases.
This illegally acquired money was used to buy luxury vehicles, immovable properties etc. However, he has declared minimal income in tax returns.