India, July 11 -- The Enforcement Directorate (ED) conducted searches under the Foreign Exchange Management Act (FEMA) against Kalanee Impex Pvt Ltd and its director, businessman Dharmesh Sangani, over allegations of undisclosed foreign assets, foreign bank accounts and violations relating to export proceeds, officials familiar with the investigation said on Friday.

Sangani is also a film producer associated with actor and television host Shekhar Suman and is the co-founder of the Shekhar Suman Film Academy. With his latest show 'Shekhar Tonite' on YouTube, Suman has taken satirical jabs on the government policies and functioning of bureaucracy.

ED officials said on Friday that the searches, conducted on Thursday in Mumbai, were "in con...