Malayalam actor and producer Jayasurya attended the Enforcement Directorate (ED) office in Kochi for questioning regarding alleged Foreign Exchange Management Act (FEMA) violations related to the Save Box app fraud case. This was the second time Jayasurya was summoned by the ED in a week. Accompanied by his wife Saritha, Jayasurya was questioned for nearly five hours, while Saritha’s examination continued into the evening.
The ED is investigating the financial aspects and fund movements associated with the Save Box mobile application, accused of defrauding investors with promises of high returns. Jayasurya’s involvement as the app’s brand ambassador is under scrutiny to determine if celebrity endorsements were used to enhance the app’s credibility and attract public deposits. The questioning aimed to establish Jayasurya’s contractual ties with the app, his earnings, and any potential FEMA violations related to payments, endorsements, or promotions.
Investigators are also looking into whether Jayasurya or his production ventures had financial transactions beyond promotional contracts with entities connected to the app. The ED’s ongoing probe suggests a broader investigation into how the alleged fraud was marketed and monetized. The Save Box app case has garnered significant public interest in Kerala due to reported investor losses and the participation of prominent public figures. The ED’s inquiry runs alongside other agencies’ investigations into criminal and regulatory breaches associated with the app’s activities.
