💨 Abstract

The Enforcement Directorate seized Rs 1.5 crore in cash from a chit fund company owned by Gokulam Gopalan, one of the producers of the Malayalam movie "L2: Empuraan", for alleged foreign exchange law violations. The searches were conducted under the Foreign Exchange Management Act (FEMA) in Kozhikode, Kerala, and Chennai, Tamil Nadu.

Courtesy: theprint.in

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