Lyca denies money laundering charges

Lyca denies money laundering charges

Lyca Productions has refuted reports which claimed that it is in trouble for alleged money laundering and tax fraud in France.

“The article alleges that Lyca Productions was involved in tax fraud and that employees were arrested in France,” a statement said, adding: “Lyca Productions would like to clarify that it has no connection with this incident, and this false news is being propagated intentionally by other sources with malicious motives.” It added: “Lyca Productions has a very solid reputation in the film fraternity, and has been consistently involved in the production of major movies.”

Earlier, reports said nine persons belonging to the production company had been charged and 19 arrested on suspicion of money laundering and tax fraud after French police raided their offices last week.

According to reports,