Producer in Rs 1000 Crore Illegal Transaction?

The controversial "Lucifer-2" movie has been in the news for various reasons. While the controversy surrounding the film continues, it has made headlines again. The Enforcement Directorate (ED) has conducted a series of raids on the assets and offices of the producer of "Lucifer-2."

According to recent reports, these raids were carried out due to allegations of violations in foreign exchange transactions amounting to over Rs 1000 crore. The producer Gopalan and his company, Sri Gokulam Chits & Finance, were targeted in these raids. The raids took place simultaneously at several locations in Tamil Nadu and Kerala, including the office of Sri Gokulam Chits & Finance in Kodambakkam and Gopalan’s farmhouse in Neelankarai, Chennai. In total, raids were conducted at five locations.

The ED suspects that an amount of Rs 1000 crore, linked to some NRIs, was transacted in violation of regulations. Many have raised suspicions about the timing of the raids, which occurred just days after the release of the movie "Empuran," starring Mohanlal. However, the ED has clarified that these raids have no connection to the film.

Who is Gopalan?

Gopalan is a prominent businessman from Kerala. He has made significant investments in hospitality, life sciences, education, media, cinema, and transportation. Gopalan established the Sri Gokulam Group, which has expanded throughout South India. However, the primary source of all his investments comes from his chit fund business. Gopalan’s chit fund companies are active not only across various regions in India but also in several foreign countries.

Gopalan entered the production of "Lucifer-2" when Lyca Productions, facing financial difficulties, brought him in. When the controversy over the film erupted, it was Gopalan who was the first to react. Later, Mohanlal also apologized for his involvement.