The Enforcement Directorate (ED) has attached immovable properties worth over Rs. 10 Crore of a chit fund company DJN Jewellers Private Limited which had cheated over a thousand of investors.
The adjudicating authority of ED has approved attachment after which these properties were confiscated. In this case, the ED is going to file the chargesheet by next month. These properties were registered in the name of Vipin Kumar, Jeetendra Mohan, Ram Kishun Thakur and Vishal Kumar Sinha. These properties are in the form of flats, shop and plots located in Ranchi, Latehar and Garhwa.
Among the attached properties are a flat owned by Jeetendra Mohan at Shree Narayana Enclave at Dumardaga in Ranchi worth Directorate of Enforcement (ED) has taken possession of a property worth Rs. 33,74,390.
In last year the ED had attached immovable properties worth Rs. 1.66 Crore belonging to the accused of this case. ED will further confiscate properties of accused if found in future.
DJN Jewellers Private Limited is among chit fund companies which the ED is investigating under the provisions of Prevention of Money laundering Act. Ranchi police had investigated this case when aggrieved consumers lodged an FIR at Lalpur police station in 2016. Ranchi police submitted a chargesheet against accused under section 120-B (party of criminal conspiracy), 420 (cheating), 467 (forgery), 468 (forgery for the purpose of cheating), 471 (using fake document as genuine) and 406 (criminal breach of trust) of IPC. After that trial was started against Jeetendra Mohan Sinha, Vishal Kumar Sinha, Prasant Kumar Sinha and Evatoli Santosh.
ED said that the DJN Commodities was registered with MCX whose proprietor is Vishal Kumar Sinha. He along with other proprietors and directors planned to dupe investors for which they developed a software in the name DJN Commodities to do offline trading.
Agents were hired to collect money from people for the so-called online trading. Accused promised investors they will gain a high amount out of online trading. They also launched several fake schemes to cheat investors.