On Wednesday, actor Vijay Devarakonda attended an Enforcement Directorate hearing in Hyderabad about a FEMA (foreign exchange management act) inquiry. The ED is looking into alleged payments and the source of money for the most recent multilingual "Liger" film.
It is well known that there has been considerable doubt about the investors in the "Liger" movie regarding the cash for the past few months. Recently, the ED questioned Puri Jagannath, the company's director, and Charmme Kaur, his business partner, for about 12 hours.
With a budget of around Rs 125 crores, the sports action movie "Liger" featured ex-world heavyweight champion Mike Tyson and was filmed primarily in the US (Las Vegas). The movie, however, flopped terribly when it was first released. Despite being marketed as a pan-Indian film, the film was only able to recoup half of its theatre box office investments in India.
Telangana leader Bakka Judson drew the aforementioned money laundering issue to the public's attention when he filed a complaint alleging that the money was injected into the film through implausible ways. The ED then began its probe.