New Delhi, Aug 6 — The Enforcement Directorate (ED) on Thursday seized incriminating documents during search operations at five locations in Bihar's Munger district in connection with a more than Rs 11 crore investment fraud by Jollywood Music Industries and its group entity, an official said.
The ED's Patna Zonal Office conducted the searches under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
"The case is related to an investment fraud done by Jollywood Music Industries and DLMS Jollywood Music Private Limited in Munger. These entities are controlled by a family of Munger (Bihar), led by Jitendra Kumar Rajeev and his associates," the ED said.
"The scam enticed individuals with promises of a "digital job" and doubling their investment. The potential investors were lured by promising that by investing Rs 2,56,500 and watching 4,800 audio/videos on the company's website per month, they would earn Rs 15,000 monthly," the ED added.
"The companies also promised additional bonuses for more engagement and recruiting new investors. It also promised bikes and cars to those who brought in many people," the central agency said.
"However, after collecting investments, the software engineer of the company, intentionally slowed down the website. This made it technically impossible for users to complete the required tasks of watching 4,800 audio/videos per month," the ED added.
"This deliberate manipulation prevented investors from meeting the conditions needed to receive payouts. The cumulative investment in the scheme amounted to around Rs 11.67 crore," the ED said
The investors were asked to deposit "security money" by investing in one of two main slabs offered for investment, the ED added.
The ED initiated investigation on the basis of FIR registered under various sections of Bharatiya Nyaya Sanhita, 2023, against Jitendra Kumar Rajeev, Dheeraj Kumar and others, who were found to have enticed individuals with promises of a "digital job and doubling their investment in Jamalpur, Munger and nearby regions".
The ED's Patna Zonal office took up the investigation in the matter in 2025.
During the investigation, it gathered that the investments collected by the accused were diverted and used for acquisition of various immovable properties, an official statement said.
Accordingly, search operations were conducted in the residential premises of the Directors, technical/software experts, singers and others, who lured poor investors for high return and grabbed their investments.
"During the search operations, various incriminating documents pertaining to immovable property, bank account details, agreements, investment details and list of investors were recovered, which are being scrutinised to proceed further under the provisions of PMLA, 2002," the ED said.