ED Raids on Gokulam Gopalans Agency
The Enforcement Directorate (ED) lately performed raids on Gokulam Gopalan’s premises in Kerala and Tamil Nadu, seizing Rs 1.5 crore in money and incriminating paperwork. The motion was taken below the Overseas Alternate Administration Act (FEMA) attributable to alleged overseas trade regulation violations.
Gopalan’s firm, Sree Gokulam Chits and Finance Co. Pvt. Ltd., is accused of gathering subscriptions from worldwide prospects with out permission, violating FEMA provisions value Rs 1,000 crore. The ED’s investigation revealed that the corporate collected Rs 3.71.80 crore in money from NRIs and Rs 220.74 crore by means of cheques, with important quantities paid in money to non-resident Indians in violation of FEMA laws.
The company can also be probing alleged dishonest and forgery circumstances registered towards the corporate below the Prevention of Cash Laundering Act (PMLA). The raids come amid controversy surrounding Gopalan’s movie manufacturing home, which backed the lately launched Malayalam movie “L2: Empuraan”. The movie sparked debate over its critique of right-wing politics and covert point out of the 2002 Gujarat riots, prompting producers to delete 2.08 minutes of scenes.
The ED’s motion is a part of an ongoing investigation into alleged overseas trade violations, with the Kerala wing launching a multi-state search operation focusing on places in each Tamil Nadu and Kerala related to Gopalan and his firm.
