Friday, December 11, 2015

Lyca team in Colombo for Hutch deal!

Lyca team in Colombo for Hutch deal!
Dec 08, 2015
Lankanewsweb.netA team of officials from Lyca Mobile, a notorious telephone service provider in England, has come to Sri Lanka to buy Hutchison, which is up for sale, on behalf of Sri Lanka Telecom, reports say.
They include Lyca owner Subhashkaran Allirajah, Raj Shankar and a white man serving in the company. All of them are presently staying at Cinnamon Grand Hotel in Colombo.
SLT’s bid to buy Hutchison for 150 million dollars, which is much more than it is worth, has been on halt due to opposition, and Lyca is going to make the purchase on behalf of SLT, the sources say.
Lyca’s business strategy is to lure top persons of any government coming to power by way of supplying them with money, alcohol and women. The UK’s governing Conservative Party too, had obtained funding from Lyca and is now in trouble over it.
Second edition
Our correspondent in Katunayake reported a short while ago that Allirajah, Shankar and the white man had left from Bandaranaike international airport.
They had made a hasty return after coming to know that the Scotland Yard and the CID are investigating Lyca and its owners over money laundering charges.
They had left before the CID moved to arrest them.
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