Indian authorities seized assets in raids targeting fugitive Inderjit Singh Yadav over alleged money laundering and coercive loan schemes.

The Enforcement Directorate seized five luxury cars, ₹17 lakh in cash, bank lockers, digital devices, and documents in raids across Delhi, Gurugram, and Rohtak on December 26–27, 2025, targeting Inderjit Singh Yadav, a UAE-based fugitive wanted in India. The operation, part of a money laundering probe under the PMLA, 2002, alleges Yadav orchestrated coercive loan settlements using threats and armed enforcers, earning hundreds of crores in commissions for corporate borrowers. He allegedly used illicit proceeds to buy luxury assets while filing minimal tax returns. The investigation stems from 15 FIRs related to extortion, fraud, illegal land grabbing, arms violations, and murder, primarily from Haryana and Uttar Pradesh police. Yadav, linked to Gem Records Entertainment Pvt Ltd and a website used for loan settlements, remains at large in the UAE.