ED conducts search at Ponniyin Selvan maker LYCA Productions' locations in Chennai
Zee Business Video Team | Updated: May 16, 2023 06:33 PM IST
The Enforcement Directorate (ED) is currently conducting searches at 8 locations connected to LYCA Productions, a Chennai-based movie production house. The raid is linked to charges under the Foreign Exchange Management Act (FEMA) and the Prevention of Money Laundering Act (PMLA). LYCA Productions, established in 2014 by Subaskaran Allirajah, is known for producing and distributing blockbuster films in South India, including the Ponniyin Selvan franchise and movies featuring Rajinikanth, Akshay Kumar, Jr NTR, Ram Charan, and Allu Arjun. The reason behind the raid is not yet clear.
