PTI, New Delhi
published by: Surendra Joshi
Updated Thu, 23 September 2021 08:28 PM IST
Summary
The value of the confiscated properties of this company, which extorted money from investors through chit fund scheme in Jharkhand, is said to be Rs 1 crore.
The Enforcement Directorate on Thursday said that it had attached 11 properties of DJN Jewelers in Jharkhand in 2019. Now they have also taken possession. The value of these 11 properties is stated to be Rs 1.01 crore. These properties were bought by extorting money from investors through chit fund schemes. Therefore, this action has been taken under the Money Laundering Act.
The provisional seizure order of the ED of 2019 has been recently cleared by a competent authority under the Money Laundering Act. These properties were in the name of DJN Jewelers and its CMD Jitendra Mohan Sinha, Vipin Kumar Sinha, Ram Kishan Thakur, Vishal Kumar Sinha and others. They have been seized and taken into custody in connection with the case related to the chit fund scam.
The seized properties include flats, shops, plots. Apart from the capital Ranchi, these are in Latehar and Garhwa districts. DJN Commodities MCX was registered in Mumbai. Its owner is Vishal Kumar Sinha. He along with other accused and directors cheated the investors. Made software for offline trading in the name of DJN Commodities. The ED alleges that the company used to deposit money offline from investors in the name of online trading. They were tempted to pay hefty interest every month.
The ED says that the accused lured innocent investors and depositors with a recurring deposit scheme at the jewelery shop and siphoned off their hard earned money of lakhs.
Expansion
The Enforcement Directorate on Thursday said that it had attached 11 properties of DJN Jewelers in Jharkhand in 2019. Now they have also taken possession. The value of these 11 properties is stated to be Rs 1.01 crore. These properties were bought by extorting money from investors through chit fund schemes. Therefore, this action has been taken under the Money Laundering Act.
The provisional seizure order of the ED of 2019 has been recently cleared by a competent authority under the Money Laundering Act. These properties were in the name of DJN Jewelers and its CMD Jitendra Mohan Sinha, Vipin Kumar Sinha, Ram Kishan Thakur, Vishal Kumar Sinha and others. They have been seized and taken into custody in connection with the case related to the chit fund scam.
The seized properties include flats, shops, plots. Apart from the capital Ranchi, these are in Latehar and Garhwa districts. DJN Commodities MCX was registered in Mumbai. Its owner is Vishal Kumar Sinha. He along with other accused and directors cheated the investors. Made software for offline trading in the name of DJN Commodities. The ED alleges that the company used to deposit money offline from investors in the name of online trading. They were tempted to pay hefty interest every month.
The ED says that the accused lured innocent investors and depositors with a recurring deposit scheme at the jewelery shop and siphoned off their hard earned money of lakhs.
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