ED Raids: Parasakthi in Risk; SK Trying to Escape?

ED conducts raids at exports firm for FEMA violations; details of properties amassed abroad emerge

Bengaluru, May 30, 2026 The Directorate of Enforcement (ED), Bengaluru Zonal Office has conducted search operations on March 27, 2025 at 3 premises in Bengaluru and one premise in Mangaluru, of private firm Sri Kumaraswamy Mineral Exports Pvt. Ltd and found violations of the Foreign Exchange Management Act (FEMA), an official said on Friday. In an official statement issued on Friday, the ED mentioned: “It is also revealed that multiple bank acco…

ED Raids: Parasakthi in Risk; SK Trying to Escape?

The ED performed a raid a few weeks ago against popular budding Kollywood producer Aakash Baskaran, following which there was strong buzz that Sivakarthikeyan’s Parasakthi, Dhanush’s Idly Kadai, and Silambarasan TR’s STR 49 were in financial trouble. In this scenario, yesterday, a strong rumor spread on social media that Silambarasan TR and Mani Ratnam are […] The post ED Raids: Parasakthi in Risk; SK Trying to Escape? appeared first on M9.news.