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ED raids offices linked to makers of Ponniyin Selvan in money laundering case

Ponniyin Selvan Makers Searched by ED: The central probe agency ED has carried out searches at eight premises in Chennai after registering a money laundering case against LYCA production house that made Ponniyin Selvan 1 and 2.

By Ruchi Upadhyay 
Updated Date

New Delhi: The Enforcement Directorate (ED) is conducting searches at the premises of LYCA Productions, makers of box-office hit films Ponniyin Selvan 1 and 2, located in Chennai, the capital of Tamil Nadu. According to a news from NDTV, after registering a money laundering case against the production house, the Enforcement Directorate (ED) is conducting search operations at around eight premises in Chennai city.

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Lyca Productions is also credited for the making of Tamil movies including Kaththi, Enakku Innoru Per Irukku, Khaidi No. 150, Yaman, Ippadai Vellum, Diya, Kollamaavu Kokila, Chekka Chivantha Vaanam, Vada Chennai among others.

Lyca also produced the most expensive Indian film 2.0 at the time of its release. The movie was made on an estimated budget of Rs 400-600 crore. After its release, the movie also turned out to be the highest-grossing film worldwide collecting nearly Rs 655-800 crore by the end of four weeks.

The movie is the ninth highest-grossing Indian film worldwide.

Lyca also has high profile movies including Kamal Hassan-starrer Indian 2 and Rajinikanth-starrer Lal Salaam in line for release.

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Lyca Productions also produced the first Bollywood movie Ram Setu which was released last year. However, the film did not perform well at the box office. The film made Rs 93 crore against its budget of Rs 150 crore.

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