L2: Empuraan producer Gokulam Gopalan appears before ED office in Kochi

Kerala businessman and movie producer Gokulam Gopalan appeared on the Kochi office of the Directorate of Enforcement (ED) on Monday (April 7, 2025) as a part of the company’s probe into the alleged violation of Overseas Change Administration Act (FEMA), 1999 involving his chit fund firm. 

Mr. Gopalan, who produced the controversial film L2: Empuraan starring Mohanlal, appeared on the office round 12.40 p.m. He instructed mediapersons that he “lacked any thought” about why he was summoned before the company.

He additionally rejected the ED’s declare that it had seized ₹1.5 crore in money in violation of the FEMA following searches held at his residential and office premises not too long ago. 

The Kochi zonal office of the company had issued a launch on Saturday (April 5, 2025) stating that searches have been held on April 4 and 5 at one location in Kozhikode, Kerala, and at two places in Chennai, Tamil Nadu, owned by Sree Gokulam Chits and Finance Co Personal Ltd.

The discharge mentioned the investigation was initiated primarily based on the precise intelligence gathered that the corporate, “with out due permission from the competent authority”, was gathering subscriptions to chit funds from individuals residing outdoors India. Additionally, the subscription quantities from them have been being collected in money in violation of the rules framed by the Reserve Financial institution of India (RBI).

“This led to the violation of the Regulation 4(b) of Overseas Change Administration (Permissible Capital Account Transactions) Laws, 2000 r/w Round No. 107 dated June 11, 2015 issued by RBI,” the company claimed.