The Madras High Court has dismissed a writ petition filed by DMK MP S. Jagathrakshakan challenging the proceedings initiated against him and his family members by the Enforcement Directorate (ED) under the Foreign Exchange Management Act (FEMA) of 1999. The court also rejected the connected writ petitions filed by the MP’s daughter, son, and a private limited company. The ED alleged that the MP and his family members contravened FEMA regulations by purchasing and transferring foreign securities without Reserve Bank of India approval.