Overview

• The Enforcement Directorate (ED) has confirmed violations of the Foreign Exchange Management Act (FEMA) by Sree Gokulam Chits and Finance Co. Pvt. Ltd., owned by 'L2: Empuraan' producer Gokulam Gopalan.
• Raids conducted at locations in Kozhikode and Chennai led to the seizure of ₹1.5 crore in cash and documents indicating illegal cash collections from individuals outside India.
• The ED alleges the firm collected ₹3.71 crore in cash and ₹220.74 crore via cheques from non-residents without proper authorization, violating FEMA regulations.
• Actor-director Prithviraj Sukumaran, who directed and acted in 'L2: Empuraan,' received a system-generated Income Tax Department notice on March 29 regarding his 2022 earnings, unrelated to the film's controversy.
• Despite ongoing financial probes and political backlash over its depiction of the 2002 Gujarat riots, 'L2: Empuraan' remains a commercial success, surpassing ₹250 crore globally.