ED seizes ₹5 crore in cash, jewellery worth ₹8 crore in money laundering case

The Enforcement Directorate (ED) has seized about ₹5 crore in cash, jewellery worth over ₹8 crore, and documents of properties valued at about ₹35 crore in a coercive high-value private loan settlements case.

The searches were carried out in the case allegedly involving “strongman” Inderjit Singh Yadav and his accomplices, Apollo Green Energy Ltd, and other associated entities/persons. “The recoveries have been made from the premises of Aman Kumar, one of the associates,” said an agency official.

Mr. Inderjit is absconding and currently operates from the United Arab Emirates. According to the ED, the investigation on money laundering has been initiated, based on more than 15 First Information Reports (FIRs) and chargesheets filed by the police in Haryana and Uttar Pradesh, in connection with his “illegal extortion, coercive loan settlement of private financiers, arms intimidation and earning commission from such illegal activities”.