<h1>Businessman's Chit Fund Company Under ED Scanner for FEMA Violations Worth Rs 1,000 Crore</h1> The Enforcement Directorate conducted searches at five premises across multiple states, including Chennai and Kochi, targeting a Kerala-based businessman's chit fund company for alleged Foreign Exchange Management Act violations worth approximately Rs 1,000 crore. The investigation focuses on unauthorized transactions with non-resident Indians. The agency is also examining potential cheating cases against the company for possible money laundering violations. The businessman is one of the producers of 'L2: Empuraan,' a film that has sparked controversy over its critique of right-wing politics and references to the Gujarat riots. The lead actor has promised to remove controversial portions from the movie.