Patna: The Enforcement Directorate conducted a search operation on Thursday morning at the residence of Jitendra Kumar Rajiv, director of Jollywood Music Company, in Naya Tola Phulka under the Jamalpur police station area of Munger district.
A team of more than half a dozen Enforcement Directorate officials arrived at the premises of Jitendra Kumar Rajiv, in the morning on Thursday and began the search operation even before most local residents had started their day.
The Enforcement Directorate officials informed the local police before conducting the raid.
A large contingent of police personnel was deployed to assist the Enforcement Directorate team during the operation.
The house of the accused was cordoned off to prevent any untoward incident and to ensure the smooth conduct of the search.
During the raid, officials questioned members of the household and examined several documents believed to be linked to the investigation.
According to sources, the Enforcement Directorate is also questioning the prime accused in the case, Jaydhan Tanti and Priya Rajiv Ranjan.
Investigators are scrutinising documents related to financial transactions, investments and other records as part of the probe.
The case stems from allegations that Jollywood Music Company collected large sums of money from investors by promising returns through a scheme allegedly resembling a chit-fund operation.
Complainants have alleged that after collecting the funds, the company and its operators failed to honour their commitments.
During the initial police investigation, company director Jitendra Kumar Rajiv allegedly absconded.
He later surrendered before a court in Munger and is currently in judicial custody.
The Enforcement Directorate is now investigating the alleged money trail, including suspected money laundering and irregular financial transactions connected with the case.
Officials have not yet issued an official statement regarding the ongoing operation.
Further details are expected to emerge after the investigation progresses.
The Enforcement Directorate has intensified its crackdown by conducting raids against individuals allegedly involved in money laundering and other financial irregularities.
(IANS)
