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This has been discussed several times here in the forums:
http://www.virtualmin.com/forums/virtualmin/ssh-access.html
http://www.virtualmin.com/forums/virtualmin/sftp-login.html
Search the forums for "ssh chroot" and you'll find lots and lots and lots of discussion.
Basically, the answer is: You don't want it, even if you think you do. And, you don't need it.
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Thanks for the quick reply Joe and sorry if I asked the same question. Kindly delete this post if necessary. Thanks again for the hint.