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<h1>Chit Fund Company Owner Faces ED Probe for Alleged FEMA Violations in Film Industry Cash Seizure</h1> The Enforcement Directorate conducted raids on a chit fund company owned by a movie producer, seizing Rs 1.5 crore in cash. The searches were related to foreign exchange law violations under FEMA, targeting a company that allegedly collected funds from persons outside India without proper authorization. The action follows recent controversy surrounding a Malayalam film, with the ED claiming regulatory breaches in fund collection and cash transactions.