Loan goon gang: According to an official on Friday, the Enforcement Directorate (ED) seized jewelry worth Rs 17.4 crore and cash totaling Rs 6.24 crore from many locations in Delhi as part of the continuing searches connected to the UAE-based mastermind of loan goons Inderjit Singh Yadav.

According to a statement from the official, the ED’s Gurugram Zonal Office also confiscated many checkbooks and paperwork pertaining to immovable properties worth Rs 35 crore, along with other incriminating documents and digital data, during the searches.

In accordance with the terms of the Prevention of Money Laundering Act (PMLA), 2002, the ED carried out search operations at many locations on December 30, 2025, and January 1, 2026.

According to the ED, the inquiry concerns Yadav, his associates, and other related organizations or individuals who are allegedly engaged in illegal extortion, forceful loan settlements with private financiers, intimidation with weapons, and the creation of commissions from such criminal actions.

In accordance with certain articles of the Arms Act, 1959, Bharatiya Nyaya Sanhita (BNS), 2023, and the Indian Penal Code, 1860, the Haryana Police and Uttar Pradesh Police filed over fifteen FIRs and charge sheets against Yadav and his associates, prompting the ED to launch an inquiry.

Yadav, the owner and principal controller of Gem Records Entertainment (doing business as “Gems Tunes”), has been accused in the aforementioned FIRs of being a notorious tyrant engaged in violent crimes, fraud, extortion, coercive loan settlements from private lenders, murder, and cheating.

Yadav is now evading capture and working out of the United Arab Emirates and is sought in a number of Haryana Police cases.

Yadav’s assistant Aman Kumar, who played a key role in transferring money and reaching agreements with private financiers, had his home examined by the ED based on certain information.

It was discovered that he was trying to spend the money that had been obtained via criminal activity.

Cash worth Rs 6.24 crore, jewelry worth about Rs 17.4 crore, many check books, paperwork pertaining to immovable assets worth almost Rs 35 crore, and other incriminating documents and digital data were found during the search, the ED said.

Five luxury automobiles, bank vaults, Rs 17 lakh in cash, several incriminating papers, digital gadgets, and digital data pertaining to Yadav and his associates were also seized during the search and seizure operation in this case.

Additionally, it was shown that Yadav and his family members had obtained a number of movable and immovable properties using the profits of criminal activity.

According to the ED inquiry, several business entities and others are accused of taking out large cash loans from private financiers situated in Dighal village in the Jhajjar region of Haryana and using postdated checks as collateral.

According to the investigation, Yadav served as an enforcer and strongman, enabling the forcible resolution of financial disputes totaling hundreds of crores of rupees and high-value private loan transactions.

According to the ED, organized criminal syndicates operating from overseas reportedly used threats, intimidation, and the employment of armed accomplices and local armed gangs to carry out these settlements.