Chandigarh: The Enforcement Directorate (ED) has initiated the process to procure open-ended non-bailable warrants against fugitive music company owner Inderjeet Singh Yadav alias Inderjeet Yadav in a money laundering case.According to the ED, Yadav is operating from the UAE.
On Thursday, ED special prosecutor moved a fresh application to upgrade its request for the warrants to open-ended before the Gurugram zone PMLA special judge. The court fixed March 9 for final arguments, according to its orders uploaded on Friday. The move comes after ED raided 10 locations linked to Yadav and his associates in New Delhi, Gurugram, Rohtak, and other sites on Dec 26 and 27 last year. The money laundering investigation was initiated after more than 15 FIRs were registered by Haryana Police and Uttar Pradesh Police under sections of Arms Act, BNS, and IPC against Yadav and his associates. The FIRs alleged that Yadav, owner and key controller of Gem Records Entertainment Private Limited (operating as ‘Gems Tunes’), was a strongman involved in criminal activities, including murder, extortion, coercive settlements of loans, fraud and land grabbing. The ED investigation revealed that a few corporate houses allegedly borrowed huge sums of money in cash from Dighal, Jhajjar-based private financers and issued post-dated cheques as security. The investigation revealed that Yadav facilitated coercive settlement of these high-value private loan transactions and financial disputes through threats and the use of armed gangs. MSID:: 127988376 413 |
