VIJAY DEO JHA
Ranchi, April 30: The Adjudicating Authority of Enforcement Directorate (ED) has confirmed the attachment of all 11 immovable properties worth Rs. 1,00,87,603 belonging to M/s DJN Jewellers Private Limited.
The ED is learnt to have concluded the investigation in this case and the chargesheet is likely to be filed very soon. These properties were raised by Vipin Kumar, Jeetendra Mohan, CMD of DJN Group, Ram Kishun Thakur and Vishal Kumar Sinha in the form of flats, shops and plots situated in Ranchi, Latehar and Garhwa districts in a case.
This is one of the cases of the chit fund which the ED is investigating. Sources said that it was the second such confirmation of attachment of properties of the company and its proprietors. In this case, the ED had earlier attached movable and immovable properties worth Rs. 1.66 Crore by issuing a Provisional Attachment Order under the Prevention of Money Laundering Act, 2002 (PMLA) on December 31, 2019. It was confirmed by the Adjudicating Authority on July 29,.2021.
The ED initiated an investigation under the provisions of PMLA on the basis of FIR No 220/2016 lodged at Lalpur police station in Ranchi. The chargesheet was filed under Sections 120-B, 420, 467, 468, 471 and 406 of IPC, against Jeetendra Mohan Sinha, Vishal Kumar Sinha, Prasant Kumar Sinha and Evatoli Santosh.
The investigation conducted by the ED revealed that the DJN Commodities was registered with MCX, Mumbai under the proprietorship of Vishal Kumar Sinha. He conspired with other proprietors and directors thereof to cheat the investors and developed software in the name DJN Commodities for conducting offline trading.
DJN Commodities was collecting public deposits offline in the name of conducting online trading with the promise to offer returns at a high rate of interest per month. Accused were indulged in money circulation activity and represented before the depositors and investors in a fraudulent manner stating that the company was doing online trading with their deposited money. The accused persons in pursuance of their criminal conspiracy got indulged in creating an ingenious scheme of recurring deposits in Jewellery shops to dupe the innocent investors and depositors and to rob their hard-earned money.
