Company Directory - Lyca Productions
Company Details - Lyca Productions
Lyca Productions
Lyca Productions is a film production company involved in various successful movie projects.
CCI Score
CCI Score: Lyca Productions
-35.69
0.03%
Latest Event
Lyca Productions’ Controversial Expansion in Sri Lanka Amid Money Laundering Allegations
The French court fine for money laundering and allegations of dubious financial transactions linked to political figures— including ties with the Rajapaksa regime and reports of large political donations—raise serious concerns about Lyca Productions' complicity in practices that favor authoritarian influences.
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TOADIE
Lyca Productions is currently rated as a Toadie.
Latest Events
- AUG152023
The French court fine for money laundering and allegations of dubious financial transactions linked to political figures— including ties with the Rajapaksa regime and reports of large political donations—raise serious concerns about Lyca Productions' complicity in practices that favor authoritarian influences.
-70
Public and Political Behavior
March 18
Lyca Productions has been implicated in political maneuvering, including reportedly being one of the Conservative Party’s largest donors and engaging in events that align with controversial political figures. This behavior shows a willingness to support political mechanisms that may enable authoritarian agendas.
Lyca ventures further into Sri Lanka as French court issues €10 million fine
-80
Business Practices and Ethical Responsibility
March 18
The company is associated with severe allegations including money laundering, fraud by former executives, and a €10 million fine imposed by a French court. Additionally, unaccounted financial flows reported in past audits further diminish its ethical responsibility.
-60
Economic and Structural Influence
March 18
Lyca Productions’ involvement in financially ambiguous deals – including the use of shell companies and leveraging state resources – signals economic collaborations that potentially bolster authoritarian regimes through regulatory capture and opaque financial structures.
- MAR102023Alleged Unlawful Activities and Unethical Business Practices by Lyca Productions (Lyca Group)
-65.33
A comprehensive investigative report details numerous allegations against the Lyca Group, including money laundering, tax fraud, regulatory circumvention, and the use of proxy entities to bypass national restrictions. These practices have raised concerns over political influence, media control, and the manipulation of economic structures, particularly in the context of acquisitions in Sri Lanka, potentially undermining democratic norms and national security.
-80
Public and Political Behavior
March 18
The report indicates that Lyca Productions, as part of the larger Lyca Group, is implicated in activities that appear to leverage opaque political networks. Allegations include the use of proxies, potential political donations and influence, and questionable ties with authoritarian-friendly entities. Such actions contribute to undermining democratic accountability and transparency, thereby negatively impacting public and political behavior.
-90
Business Practices and Ethical Responsibility
March 18
Multiple serious allegations tied to unethical business practices including money laundering, tax fraud, and circumventing regulatory frameworks are attributed to the group. The use of proxies to acquire media and telecom assets and bypass foreign ownership laws points to deliberate non-adherence to ethical norms in labor and business practices.
-70
Technology and Services Impact
March 18
There are significant concerns regarding the group’s impact on media influence and propaganda. The alleged acquisition and control of major media networks in Sri Lanka using proxies may facilitate biased reporting and support authoritarian narratives. This concentration of media power threatens journalistic integrity and discourages diverse viewpoints.
-85
Economic and Structural Influence
March 18
The report details alleged efforts to monopolize and control essential national infrastructure in Sri Lanka through questionable acquisition techniques, including the use of proxies and circumventing legal ownership restrictions. Such strategies are indicative of a broader pattern of economic collaboration that undermines competitive and transparent market practices, potentially aiding authoritarian influences.
Lycamobile faces fine after company fails to file ‘acceptable’ accounts
- MAR272017
Lyca Productions refuted allegations linking it with former Sri Lankan President Mahinda Rajapaksa, asserting that its actions and initiatives, including charitable efforts for war-displaced Tamils, stand apart from any political affiliations with authoritarian elements.
+40
Public and Political Behavior
March 18
The company proactively denied any political or financial links to Mahinda Rajapaksa, distancing itself from associations that could indicate support for authoritarian regimes. This public statement, aimed at clarifying their non-involvement in political patronage or controversial lobbying, reflects positively on their commitment to ethical public engagement.
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Industries
- 512110
- Motion Picture and Video Production
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- Motion Picture and Video Distribution
- 512191
- Teleproduction and Other Postproduction Services
- 512199
- Other Motion Picture and Video Industries