The Enforcement Directorate (ED) on Thursday (August 6) launched a search operation at five places in the Munger district of Bihar in connection with an alleged fraud and cheating case. Officials confirmed that investors were reportedly in the guise of promises of a "digital job" and doubling their investment by a private music company in Jamalpur, Munger and nearby areas. ED's Patna zonal office raided the premises under Section 17 of the Prevention of Money Laundering Act (PMLA), and the search is still underway at the locations of suspects connected to the case. Officials added that the potential investors were reportedly lured by investing Rs 2,56,500 and watching 4,800 audio and videos on the website of the company per month; in return, they would earn Rs 15,000 monthly, along with additional bonuses for more engagement.<h3>Raid under Section 17 of PMLA</h3>In response, the ED Patna office is carrying out a search operation under Section 17 of the PMLA in connection with an alleged investor fraud case in Jamalpur, Munger, and surrounding areas, where a private music company allegedly lured investors with promises of "digital jobs" and doubled returns on their investments. "The scam enticed individuals with promises of a "digital job" and doubling their investment. The potential investors were lured by investing Rs 2,56,500 and watching 4,800 audio and videos on the company's website per month; they would earn Rs 15,000 monthly, with promises of additional bonuses for more engagement," said the officials.&nbsp;Also read: <a href="https://www.wionews.com/india-news/bombay-high-court-overturns-tarun-tejpal-acquittal-sentences-former-tehelka-editor-to-10-years-in-2013-rape-case-1786009967096">Bombay High Court overturns Tarun Tejpal acquittal, sentences former Tehelka editor to 10 years in 2013 rape case</a> According to officials, the company also reportedly offered extra payouts for bringing in new investors, going as far as promising bikes and cars to those who recruited large numbers of people. However, once the investments had been collected, the company's software engineer allegedly deliberately slowed down the website. "This made it technically impossible for users to complete the required tasks of watching 4800 audio/videos per month. This deliberate manipulation prevented investors from meeting the conditions needed to receive payouts." Investigators confirmed that an FIR was registered at Munger Police Station on November 18, 2024, under sections 316(2), 318(4), and 3(5) of the Bharatiya Nyay Sanhita (BNS), 2023, and a chargesheet has since been filed in the matter.

ED's Patna zonal office raided the premises under Section 17 of the Prevention of Money Laundering Act (PMLA), and the search is still underway at the locations of suspects connected to the case. 

The Enforcement Directorate (ED) on Thursday (August 6) launched a search operation at five places in the Munger district of Bihar in connection with an alleged fraud and cheating case. Officials confirmed that investors were reportedly in the guise of promises of a "digital job" and doubling their investment by a private music company in Jamalpur, Munger and nearby areas. ED's Patna zonal office raided the premises under Section 17 of the Prevention of Money Laundering Act (PMLA), and the search is still underway at the locations of suspects connected to the case. Officials added that the potential investors were reportedly lured by investing Rs 2,56,500 and watching 4,800 audio and videos on the website of the company per month; in return, they would earn Rs 15,000 monthly, along with additional bonuses for more engagement. Raid under Section 17 of PMLA In response, the ED Patna office is carrying out a search operation under Section 17 of the PMLA in connection with an alleged investor fraud case in Jamalpur, Munger, and surrounding areas, where a private music company allegedly lured investors with promises of "digital jobs" and doubled returns on their investments. "The scam enticed individuals with promises of a "digital job" and doubling their investment. The potential investors were lured by investing Rs 2,56,500 and watching 4,800 audio and videos on the company's website per month; they would earn Rs 15,000 monthly, with promises of additional bonuses for more engagement," said the officials. Also read: Bombay High Court overturns Tarun Tejpal acquittal, sentences former Tehelka editor to 10 years in 2013 rape case According to officials, the company also reportedly offered extra payouts for bringing in new investors, going as far as promising bikes and cars to those who recruited large numbers of people. However, once the investments had been collected, the company's software engineer allegedly deliberately slowed down the website. "This made it technically impossible for users to complete the required tasks of watching 4800 audio/videos per month. This deliberate manipulation prevented investors from meeting the conditions needed to receive payouts." Investigators confirmed that an FIR was registered at Munger Police Station on November 18, 2024, under sections 316(2), 318(4), and 3(5) of the Bharatiya Nyay Sanhita (BNS), 2023, and a chargesheet has since been filed in the matter.

ED's Patna zonal office raided the premises under Section 17 of the Prevention of Money Laundering Act (PMLA), and the search is still underway at the locations of suspects connected to the case.&nbsp;

ED raids five locations in Bihar's Munger over 'digital job' investment fraud

Former government bus driver Minar Mondal was arrested after the seizure of ₹28.5 crore from his residence. He is a relative of Tulu Mondal, who is an alleged close associate of TMC leader Anubrata Mondal.  On the other hand, ED conducted raids on premises linked to an illegal coal mining network

₹28.5 Crore in Cash & Gold Bars Seized from Ex-Government Bus Driver's Home in West Bengal

The Enforcement Directorate (ED) has conducted raids at nine properties across Goa and Delhi in connection with the recent Goa nightclub fire. The investigation aims to uncover financial links and possible regulatory violations connected to the tragic incident. Authorities are working to trace funding and ownership details of the nightclub to determine accountability.

Goa Club Fire: ED Raids 9 Properties In Goa, Delhi Over Nightclub Fire Investigation

West Bengal Chief Minister Mamata Banerjee reacts strongly to the Enforcement Directorate's raid on her residence and the home of I-PAC chief. She accuses the BJP of political targeting amid rising tensions in the state.

West Bengal: Mamata Banerjee Attacks BJP for Raid on Residence of I-PAC Chief

West Bengal CM Mamata Banerjee Criticizes BJP After ED Raid

After the Enforcement Directorate (ED) conducted a massive search operation at the premises of Anil Ambani's firms on Thursday, Reliance Infrastructure Limited (Reliance Infrastructure) and Reliance Power Limited (Reliance Power) released a statement clarifying that the recent actions have absolutely no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of Reliance Infrastructure and Reliance Power.&nbsp;The company further said in a statement that the media reports appear to pertain to allegations linked to transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL), which are over 10 years old.&nbsp;The raid was conducted at 35 premises, 50 companies, and over 25 persons allegedly linked to the money laundering case against Reliance Anil Ambani Group (RAAGA) Companies with Yes Bank.<h3>No connection to RCOM or RHFL</h3>It has also been clarified in the press note that Reliance Power is a separate and independent listed entity, which has no business or financial connection to RCOM or RHFL.&nbsp;Currently, RCOM has been going through the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, for over 6 years. Whereas, RHFL has been fully resolved according to the judgment of the Supreme Court of India, the statement further read.Also read: <a href="https://www.wionews.com/india-news/ed-raids-at-premises-of-anil-ambani-yes-bank-in-rs-3-000-crore-fraud-case-1753339608112">ED raids premises of Anil Ambani, Yes Bank in Rs 3,000 crore loan fraud case</a>&nbsp;According to a report by Indian news agency PTI, officials said over 35 premises across Mumbai and Delhi, involving 50 companies and about 25 individuals, are being searched under the Prevention of Money Laundering Act (PMLA).&nbsp;ED sources indicated that they are investigating allegations of illegal loan diversion of approximately Rs 3,000 crore from Yes Bank between 2017 and 2019. The load was reportedly diverted to shell firms and other group entities. Investigators have also discovered proof indicating possible bribery of Yes Bank officials, including its promoter.

Reliance Infrastructure Limited (Reliance Infrastructure) and Reliance Power Limited (Reliance Power) have released a statement clarifying that ongoing actions will have no impact on the business activities of the firms.

After the Enforcement Directorate (ED) conducted a massive search operation at the premises of Anil Ambani's firms on Thursday, Reliance Infrastructure Limited (Reliance Infrastructure) and Reliance Power Limited (Reliance Power) released a statement clarifying that the recent actions have absolutely no impact on the business operations, financial performance, shareholders, employees, or any other stakeholders of Reliance Infrastructure and Reliance Power. The company further said in a statement that the media reports appear to pertain to allegations linked to transactions of Reliance Communications Limited (RCOM) or Reliance Home Finance Limited (RHFL), which are over 10 years old. The raid was conducted at 35 premises, 50 companies, and over 25 persons allegedly linked to the money laundering case against Reliance Anil Ambani Group (RAAGA) Companies with Yes Bank. No connection to RCOM or RHFL It has also been clarified in the press note that Reliance Power is a separate and independent listed entity, which has no business or financial connection to RCOM or RHFL. Currently, RCOM has been going through the Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code, 2016, for over 6 years. Whereas, RHFL has been fully resolved according to the judgment of the Supreme Court of India, the statement further read. Also read: ED raids premises of Anil Ambani, Yes Bank in Rs 3,000 crore loan fraud case According to a report by Indian news agency PTI, officials said over 35 premises across Mumbai and Delhi, involving 50 companies and about 25 individuals, are being searched under the Prevention of Money Laundering Act (PMLA). ED sources indicated that they are investigating allegations of illegal loan diversion of approximately Rs 3,000 crore from Yes Bank between 2017 and 2019. The load was reportedly diverted to shell firms and other group entities. Investigators have also discovered proof indicating possible bribery of Yes Bank officials, including its promoter.

Reliance Infrastructure Limited (Reliance Infrastructure) and Reliance Power Limited (Reliance Power) have released a statement clarifying that ongoing actions will have no impact on the business activities of the firms.

'Have no impact on business or stakeholders': Reliance Infrastructure, Reliance Power issue statements after ED raids

The Enforcement Directorate on Wednesday (May 29) carried out searches at multiple locations in Punjab as part of a narcotics-linked money laundering case.

The raids were conducted at 13 locations, and targeted individuals involved in illegal mining activities with prime accused Jagdish Singh alias Bhola, official sources said.

According to an official source, 13 locations in Rupnagar district are being searched after it was found that 'illegal' mining was being done on a land that was earlier attached by the ED in the Bhola case.

Also read:&nbsp;<a href="https://www.wionews.com/south-asia/bangladesh-mp-murder-police-in-kolkata-recover-hair-pieces-of-flesh-from-septic-tank-726570">Bangladesh MP murder: Police in India's Kolkata recover hair, pieces of flesh from septic tank</a>

About Rs 3 crore ($360,000) is cash has been seized till now during the raids, they said.

The money laundering case involves a multi-crore synthetic narcotics racket uncovered in Punjab during 2013-14. The Enforcement Directorate initiated the case based on FIRs filed by the Punjab Police.

The case is commonly known as the Bhola drug case to identify the alleged 'kingpin', wrestler-turned-policeman-turned-'drug mafia' Jagdish Singh alias Bhola.&nbsp;

Also read:&nbsp;<a href="https://www.wionews.com/india-news/pune-porche-crash-top-updates-congress-says-mlas-son-involved-teens-blood-sample-thrown-in-dustbin-726580">Pune Porche crash top updates: Congress says MLA's son involved; teen's blood sample thrown in dustbin</a>

Bhola was arrested by the ED in January 2014 and the case is currently in trial before a special Prevention of Money Laundering Act (PMLA) in Punjab.

(With inputs from agencies)

The Enforcement Directorate on Wednesday (May 29) carried out searches at multiple locations in Punjab as part of a narcotics-linked money laundering case. The raids were conducted at 13 locations, and targeted individuals involved in illegal mining activities with prime accused Jagdish Singh alias Bhola, official sources said.

The Enforcement Directorate on Wednesday (May 29) carried out searches at multiple locations in Punjab as part of a narcotics-linked money laundering case. The raids were conducted at 13 locations, and targeted individuals involved in illegal mining activities with prime accused Jagdish Singh alias Bhola, official sources said. According to an official source, 13 locations in Rupnagar district are being searched after it was found that 'illegal' mining was being done on a land that was earlier attached by the ED in the Bhola case. Also read: Bangladesh MP murder: Police in India's Kolkata recover hair, pieces of flesh from septic tank About Rs 3 crore ($360,000) is cash has been seized till now during the raids, they said. The money laundering case involves a multi-crore synthetic narcotics racket uncovered in Punjab during 2013-14. The Enforcement Directorate initiated the case based on FIRs filed by the Punjab Police. The case is commonly known as the Bhola drug case to identify the alleged 'kingpin', wrestler-turned-policeman-turned-'drug mafia' Jagdish Singh alias Bhola. Also read: Pune Porche crash top updates: Congress says MLA's son involved; teen's blood sample thrown in dustbin Bhola was arrested by the ED in January 2014 and the case is currently in trial before a special Prevention of Money Laundering Act (PMLA) in Punjab. (With inputs from agencies)

ED raids Punjab mining locations in connection to Bhola drugs case

Around ₹25 Crore have reportedly been seized from the residence of a domestic help of a minister's personal secretary in India's state of Jharkhand. Molly Gambhir tells you more.

Gravitas: 25 cr. cash seized from the residence of domestic help of a minister's personal secretary

ED Arrested Yes Bank's Founder Rana Kapoor in Money Laundering Case Amid deteriorating health of India's one of the top private bank, the Enforcement Directororate (ED) probe's Yes Bank's founder Rana Kapoor's Mumbai residence. He was later chagred in the money laundering case. And now in the latest coming in over the case, the ED now arrested Rana Kapoor in the same charges.

ED Arrested Yes Bank's Founder Rana Kapoor in Money Laundering Case

The Enforcement Directorate on Saturday widened the investigation into raids against Rana Kapoor at his residence and his three daughters.

ED probe widens amid Yes Bank crisis, raids Rana Kapoor & three daughters' residence

ed-raid

Ed Raid, News on Ed Raid, stories on Ed Raid, articles on Ed Raid, Ed Raid stories at Wion, Ed Raid news, Ed Raid latest news

ed raid