Ponniyin Selvan makers under Enforcement Directorate’s radar in money laundering probe : Bollywood News

The Enforcement Directorate (ED) has launched a series of searches at the premises of LYCA Productions, a prominent film production company based in Chennai, Tamil Nadu, on Tuesday. Known for producing box-office hits like Ponniyin Selvan 1 and 2, the production house finds itself under scrutiny as the central probe agency has registered a money laundering case against it.

Ponniyin Selvan makers under Enforcement Directorate’s radar in money laundering probe

According to various media reports, the searches, currently underway at approximately eight locations in the capital city, mark a significant development in the investigation. The ED's move comes as part of their efforts to uncover any potential irregularities or unlawful financial transactions associated with the production house.

ED conducts raids at LYCA Productions in Chennai. More details awaited: Sources pic.twitter.com/lZOX7pE9ks
— ANI (@ANI) May 16, 2023

As the searches progress, details regarding the specific nature of the alleged money laundering case and any significant findings are yet to be revealed. The authorities remain tight-lipped about the ongoing investigation to preserve its integrity and prevent any potential interference.

The outcome of the investigation will determine the future course of action and its impact on LYCA Productions. As the authorities continue their search operations, the film fraternity and the public await further updates on the case, hoping for a fair and just resolution.

Also Read: Ponniyin Selvan – 2 Worldwide Box Office: Mani Ratnam directorial grosses Rs. 250 cr. worldwide at the close of Week 1