3 weeks ago
ED raided five Munger sites over digital job investment fraud
Some officers called the Enforcement Directorate went to five places in a district called Munger in India to search for clues.
They were looking into a trick that cheated people out of their money.
A music company had promised people something called a 'digital job.'
The company said people could give them a lot of money, about Rs 2,56,500.
In return, people had to watch lots of videos and audio clips on a website every month.
The company promised to pay them Rs 15,000 every month.
Some people were also promised bikes and cars if they brought in more investors.
But after people gave their money, a software engineer at the company is said to have made the website slow on purpose.
Now the officers are investigating to find out what really happened to the money.
The Enforcement Directorate conducted searches at five locations in Bihar's Munger district on Thursday, August 6.
The raids target an alleged fraud linked to a private music company based in Jamalpur, Munger.
Investors were promised a 'digital job' and doubled returns in exchange for investing Rs 2,56,500.
The scheme required investors to watch 4,800 audio and videos on the company's website monthly to earn Rs 15,000 per month.
A company software engineer allegedly slowed down the website after investments were collected.
- Who
- The Enforcement Directorate (ED), operating from its Patna zonal office, raided premises connected to suspects in the case.
- What
- A search operation at five locations in connection with an alleged fraud and cheating case involving promised 'digital jobs' and doubled investments.
- Where
- Munger district, Bihar, specifically Jamalpur and surrounding areas.
- When
- Thursday, August 6.
- Why
- To investigate an alleged investor fraud in which a private music company lured people with promises of digital jobs and doubled returns on investments.
Key facts
- Agency
- Enforcement Directorate, Patna zonal office
- Locations raided
- Five places in Munger district, Bihar
- Legal provision
- Section 17 of the Prevention of Money Laundering Act (PMLA)
- Investment amount
- Rs 2,56,500 per investor
- Promised monthly earnings
- Rs 15,000 per month
- Required activity
- Watching 4,800 audio and videos on the company's website per month
- Company location
- Jamalpur, Munger, Bihar
- Date of operation
- Thursday, August 6
Quotes
Officials
Representatives from the Enforcement Directorate Patna office
“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.”
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