Entertainment

ED Raids Lyca Production, the Makers Of Iconic Ponniyin Selvan Series In Chennai: Media Reports

The Enforcement Directorate (ED) has conducted raids on the premises of the film production company Lyca in Chennai, according to the media reports.

Raids held in several locations

As per the news agency PTI, the raids were held in several locations in the city.

However, there has been no immediate reaction from the production house regarding the raids.

About Lyca Productions

The film production company, Lyca Productions was established by Subaskaran Allirajah in 2014. A subgroup of Lycamobile, the production studio has been involved in the production and distribution of films made in South India.

The production of the blockbuster hit movies Ponniyin Selvan 1 and 2. Searches were underway at around eight premises in Chennai after the central probe agency registered a money laundering case against the production house.

Also Read: Manushi Chhillar Leaves For Cannes Film Festival, Nails Airport Look In High Boots

Previous ED raids

Earlier, the ED said it had carried out search operations at 21 locations in Delhi and Gurugram in connection with Amira Pure Foods Private Limited, Karan A Chanana and others under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).

On May 2, the raids were conducted cash amounting to Rs 1.01 crore and various incriminating pieces of evidence were seized which shows the modus operandi of the accused entity for diverting the loan funds through shell companies, accommodation entries, fudging and manipulation of stocks, mentions the official statement.

According to the ED, the action against the accused entities came on the basis of an FIR registered by CBI against Karan A Chanana, his relatives, Amira Pure Foods Pvt. Ltd. and others under various sections of IPC, 1860 for committing fraud, criminal misappropriation, criminal breach of trust, cheating, etc. causing wrongful loss to the tune of approx–Rs. 1201.85 crore to the consortium of banks led by Canara Bank.

Alina Khan

Recent Posts

Delhi Pollution: SC Orders Action On GRAP Violations, Directs Relief For Affected Workers

The SC on Monday instructed CAQM to act against officers and entities failing to enforce…

8 hours ago

IPL 2025 Auction: 13-Year-Old Vaibhav Suryavanshi Becomes Youngest Player Signed

Rajasthan Royals (RR) secured Vaibhav Suryavanshi for Rs 1.10 crore at the Abadi Al Johar…

9 hours ago

Islamabad Tense As Security Forces Brace For Clash With PTI Supporters Demanding Imran Khan’s Release

Pakistan Tehreek-e-Insaf’s (PTI) ‘Final Call’ protest rally, led by Bushra Bibi, has reached outskirts of…

9 hours ago

IPL 2025 Auction: Gujarat Titans Sign Sherfane Rutherford For Rs 2.6 Cr, KKR Add Manish Pandey For Rs 75 Lakh

The Gujarat Titans (GT) secured West Indies batter Sherfane Rutherford for Rs 2.6 crore during…

10 hours ago

IPL 2025 Auction: Bhuvneshwar Kumar Headlines Day 2 With Rs 10.75 Crore Move To RCB

Bhuvneshwar Kumar stole the spotlight on Day 2 of the IPL 2025 Auction. Royal Challengers…

12 hours ago

Self-Help Groups To Provide Ganga Water To Pilgrims At Maha Kumbh 2025

Maha Kumbh 2025 will combine spirituality and women’s empowerment, with self-help groups providing bottled Ganga…

12 hours ago