The Enforcement Directorate on Wednesday seized ₹5 crore in cash, a suitcase containing gold and diamond jewellery worth ₹8.8 crore, and documents linked to assets worth ₹35 crore during searches at a Delhi house, sources said.
The raid at the residential premises in south Delhi’s Sarvapriya Vihar was conducted in a money-laundering investigation linked to Haryana-based absconding criminal Inderjit Singh Yadav, who, according to the ED, is operating from the UAE.
Yadav, who flaunts an opulent lifestyle featuring fleets of luxury cars and private jets on his social media handles, is being investigated by the ED and Haryana police.
During the search at Sarvapriya Vihar, visuals showed piles of cash and jewellery laid out on a bed by investigators. Bank officials were called in with counting machines to process the large volume of currency recovered at the site.
The money-laundering case against Yadav pertains to alleged illegal extortion, coercive loan settlement of private financers and earning commission from such illegal activities. The ED case stems from 14 FIRs and chargesheets filed by the Haryana and Uttar Pradesh police against Yadav and his associates.
Sources said Yadav, owner and "key controller" of a company named Gem Records Entertainment Pvt Ltd (operating as Gems Tunes), was a known "strongman" involved in criminal activities like murder, extortion, coercive settlements of loans given by private financers, illegal land grabbing, cheating, fraud and violent offences.
