In relation to an ongoing money laundering investigation, the Enforcement Directorate has attached ₹34.7 lakh money lying in the bank account of Udhayanidhi Stalin Foundation in Tamil Nadu.
This action is part of the investigation into the case involving Kallal Group and others.
The investigation is connected to Lyca Productions, the production company responsible for the highly successful movies Ponniyin Selvan 1 and 2.
ED has provisionally attached various immovable properties across Tamil Nadu, on 25/5/2023 valued at Rs. 36.3 Crore and further attached Rs. 34.7 lakh available in the bank account of M/s Udayanidhi Stalin Foundation in the case of Kallal Group and others.
— ED (@dir_ed) May 27, 2023
The Enforcement Directorate conducted a raid on Lyca Productions on May 16.
According to sources, ED raid is said to be related to a FEMA charge against LYCA which also holds multiple brands including LYCA mobiles. PMLA charge has also been added.
Udhayanidhi Stalin had launched his foundation in August 2021 on the occasion of the third death anniversary of DMK patriarch M Karunanidhi.
Reacting to the development, BJP Tamil Nadu President K. Annamalai said that while DMK leaders keep sending him notices over his DMK Files episode, the authorities are going after the ill-gotten wealth of the DMK’s first family.
While DMK leaders continue to send me legal notices for releasing DMK files, the authorities are finding the ill-gotten wealth of the DMK First family. https://t.co/RA6LRh7Teg
— K.Annamalai (@annamalai_k) May 27, 2023
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