Mythri Movies and dil raju were two prior telugu film production companies that were raided by the Enforcement Directorate (ED). Currently, ED is competing against India's largest production company, which has recently produced some of the most successful films at the box office. These films include khaidi No. 150, starring megastar chiranjeevi, ponniyin selvan I and II in tamil and telugu, Robo 2.0, indian 2, starring Kamal Haasan, which has yet to make its debut, among many others.
On tuesday in Chennai, members of the Enforcement Directorate (ED) searched several areas of the facilities belonging to the Lyca film production firm. About eight locations throughout the city were searched after the ED filed a money laundering investigation against the company. One crore rupees ($1.01) in cash and other dubious documents were taken as proof of Lyca's possible wrongdoing. The corporation has not yet made any remarks about the raids.

Based on a First Information Report (FIR) filed by the Central Bureau of Investigation (CBI), the (ED) has taken action against a number of entities, including karan A Chanana, his relatives, and Amira Pure Foods Pvt. Ltd. They are charged with misappropriation, fraud, criminal breach of trust, deceit, and more. According to reports, these offences caused a banking consortium led by Canara bank to suffer unjustified losses totaling Rs 1,201.85 crores. As part of its money laundering inquiry into subaskaran Allirajah's 2014-founded film production and distribution company Lyca Productions, the ED is now examining eight locations in Chennai.
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ED raid

SIBY JEYYA

17/05/2023 09:50 AM