ED raids Jollywood Music director's home in Munger investment fraud probe
Synopsis
The Enforcement Directorate has moved against Jollywood Music Company in Munger, raiding the home of its director — already in judicial custody — over allegations that the firm collected investor funds through a chit-fund-like scheme and then failed to pay out. With the prime accused also being questioned, the ED is now chasing the money trail.
Key Takeaways
The Enforcement Directorate raided the residence of Jitendra Kumar Rajiv , director of Jollywood Music Company , in Munger, Bihar on Thursday morning .
The raid targets alleged investment fraud and money laundering linked to the company's operations.
Jaydhan Tanti and Priya Rajiv Ranjan , identified as prime accused, are also being questioned by investigators.
The company allegedly collected investor funds through a scheme resembling a chit-fund operation and failed to honour commitments.
Jitendra Kumar Rajiv had allegedly absconded during the initial police probe before surrendering in court; he is currently in judicial custody .
No official ED statement had been issued as of Thursday; the investigation is ongoing.
The Enforcement Directorate (ED) on Thursday morning conducted a search operation at the residence of Jitendra Kumar Rajiv, director of Jollywood Music Company, located in Naya Tola Phulka under the Jamalpur police station area of Munger district, Bihar. The raid is part of an ongoing probe into alleged investment fraud and money laundering linked to the music company's operations.
How the Raid Unfolded
A team of more than half a dozen ED officials arrived at the premises early in the morning, before most local residents had begun their day. The agency informed local police prior to conducting the operation, and a large contingent of police personnel was deployed to assist. The house was cordoned off to prevent any untoward incident and to ensure the search proceeded without disruption.
During the operation, officials questioned members of the household and examined several documents believed to be connected to the investigation.
Key Accused Being Questioned
According to sources, the ED is also questioning Jaydhan Tanti and Priya Rajiv Ranjan, identified as prime accused in the case. Investigators are scrutinising records related to financial transactions, investments, and other documents as part of the money trail probe.
Background: The Alleged Fraud Scheme
The case stems from allegations that Jollywood Music Company collected large sums of money from investors by promising returns through a scheme that reportedly resembled 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 ED has now taken up the case to investigate suspected money laundering and irregular financial transactions connected with the alleged fraud.
Official Response and What Comes Next
ED officials had not issued an official statement regarding the ongoing operation as of Thursday. No formal figures on the alleged amount collected from investors have been confirmed by authorities. Further details are expected to emerge as the investigation progresses.
This raid is part of the ED's broader intensification of action against individuals allegedly involved in money laundering and financial irregularities across India. The Munger operation signals that the agency is now actively pursuing the financial angle of what began as a local police complaint.
Point of View
Where investor funds are pooled under the promise of returns and then allegedly diverted, is a pattern the ED has pursued aggressively across Bihar and Jharkhand in recent years. The fact that the director had absconded before surrendering suggests the case has more layers than a simple civil dispute. What remains unanswered — and what the investigation must establish — is the scale of funds collected and where the money went.
NationPress
6 Aug 2026
Frequently Asked Questions
Why did the ED raid Jollywood Music Company director's home in Munger?
The ED raided the residence of Jitendra Kumar Rajiv in Munger as part of a probe into alleged investment fraud and money laundering. The company is accused of collecting funds from investors through a scheme resembling a chit-fund operation and then failing to honour repayment commitments.
Who is Jitendra Kumar Rajiv?
Jitendra Kumar Rajiv is the director of Jollywood Music Company, based in Munger, Bihar. He allegedly absconded during the initial police investigation before surrendering before a court in Munger; he is currently in judicial custody.
Who are the other accused being questioned in this case?
According to sources, the ED is questioning Jaydhan Tanti and Priya Rajiv Ranjan, identified as prime accused in the case, alongside the investigation at Jitendra Kumar Rajiv's residence.
What is the nature of the alleged fraud by Jollywood Music Company?
The company allegedly collected large sums from investors by promising returns through a scheme that reportedly resembled a chit-fund operation. Complainants allege the company and its operators failed to honour their financial commitments after collecting the funds.
Has the ED issued an official statement on the Munger raid?
No official statement had been issued by the Enforcement Directorate as of Thursday. Further details are expected to emerge as the investigation progresses and documents seized during the raid are examined.
