T-Series, Sa Re Ga Ma among 5 firms under ED lens in money laundering case

Move follows case lodged in 2015 for non-payment of royalties; Javed Akhtar among complainants

The Enforcement Directorate (ED) conducted searches at eight locations across Mumbai, Delhi and Kolkata in relation to a money laundering case against music companies/labels. The searches were conducted in relation to a case lodged against the Indian Performing Right Society (IPRS) and the Phonographic Performance Limited (PPL) in 2015.

Sources reveal that five companies including Universal, T-series, Sa Re Ga Ma and YRF Music (a part of Yash Raj Films) were subjected to searches. In May this year, lyricist Javed Akhtar had also given his statement in the matter in order to help the ED probe into the matter. Akhtar is