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Lyca Productions Clarifies Tax Fraud Allegations

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A recent report had stated that Lyca Productions was involved in a crime pertaining to taxes and that members of the production house were arrested in France.

But now, the production company, which is bankrolling superstar Rajinikanth's upcoming film 2.o, has released a press statement, stating that the company has no connection with the arrest made in France and that it intends to file a complaint against the mid-day newspaper, for reporting a false news.

Lyca Owners With Shankar

"On June 22nd 2016, Lyca Productions, one of Tamil Cinema's leading production houses, is filing a criminal and civil case against a leading mid-day newspaper before the Metropolitan Magistrate Court for an inaccurate and defamatory article printed in their newspaper on June 21st, 2016. The article alleges that Lyca Productions was involved in tax fraud and that employees were arrested in France. 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. Lyca Productions has a very solid reputation in the film fraternity, and has been consistently involved in the production of major movies," the statement read.

Meanwhile, the shooting of 2.o is happening at a brisk pace. With 50 percent of the film already captured, which includes the all important climax portions, the movie is gearing up for release in the year 2017.

"100th day of '2.o' shoot. Ufff... finishd 2 major action sequncs including d climax with Superstar n Akshay. Loading 50%," director Shankar posted on his Twitter page.

Made with a whopping budget of 350 Crore rupees, 2.o might turn out to be the costliest film ever produced in India, at the time of its release. Everything about the movie, including the looks of its lead actors have been safely guarded so far.

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