ED Conducts Searches in Bihar Over Investment Fraud by Jollywood Music Industries

The Patna zonal office of the Enforcement Directorate (ED) on Thursday carried out searches at five locations in Bihar's Munger district in connection with an investment fraud committed by Jollywood Music Industries Pvt Ltd and DLMS Jollywood Music Pvt Ltd (Munger, Bihar) under the Prevention of Money Laundering Act (PMLA), 2002. These companies are controlled by a family from Munger (Bihar), headed by Jitendra Kumar Rajeev and his associates. The ad scam lured people to double their digital jobs and investments. Potential investors were asked to invest Rs. 256500. Then deliberately watch 4800 audios / videos every month on the company's website. If they do so, they will be paid Rs. 15000 every month. They were also promised additional bonuses for higher engagement. The company promised to bring in new investors and give extra money to the people and also promised to collect bike ads on the company's website.