Premises of Lyca, the maker of Ponniyin Selvan 2 and Vikram, raided by ED

Officials of the Enforcement Directorate (ED) on Tuesday reportedly held searches at the premises of Tamil Nadu based film production company Lyca.

As per IANS, raids are currently underway at 10 places associated with the film production company, which produced superhit movies like 'Ponniyin Selvan 2' and Kamal Haasan's 'Vikram'. Lyca is also producing the second edition of 'Indian 2'.

The ED had conducted raids three months ago on the premises of several movie producers, actors, distribution companies, and financiers.


Sources in the probe agency told IANS that during the previous raids, some digital evidence on transfer of money, money being pumped in by private financiers that were not accounted for, had been unearthed.

An amount of Rs 26 crore of unaccounted money was recovered, as well as jewellery worth Rs 3 crore.

The raids at the premises of Lyka Productions is considered as a follow-up to the searches that were conducted earlier.