The production company behind the well-liked films Ponniyin Selvan 1 and 2—Lyca Production—is currently under investigation for money laundering.
Tuesday saw the start of a number of searches at the offices of LYCA Productions, a well-known film production business situated in Chennai, Tamil Nadu, by the Enforcement Directorate (ED).
The production company, well-known for creating box office successes like Ponniyin Selvan 1 and 2, is under investigation after the central investigation agency filed a money laundering case against it.
The searches, which are now being conducted at about eight different places in the capital city, are reportedly a significant breakthrough in the probe. The ED’s action is a result of its ongoing investigation into any possible financial irregularities or crimes connected to the production company.
Details about the precise nature of the alleged money laundering investigation and any significant results are still being kept under wraps while the searches move forward. To protect its integrity and against any potential intervention, the authorities don’t discuss the ongoing inquiry.
The investigation’s findings will define the next steps to take and how they will affect LYCA Productions. The film community and the general public are waiting for new information on the case in the hopes of a fair and just outcome while the authorities continue their search efforts.