The Enforcement Directorate (ED) has imposed a penalty of Rs 908 crore on Dravida Munnetra Kazhagam (DMK) Member of Parliament (MP) S Jagathrakshakan for violating the Foreign Exchange Management Act (FEMA). The ED also ordered the confiscation of properties worth Rs 89.19 crore, which were seized in September 2020. Jagathrakshakan, who has been representing the Arakkonam Lok Sabha constituency since 2019, was accused of acquiring foreign securities from a Singapore-based company, in violation of Section 4 of the FEMA.