Kollywood News

Lyca makes shocking complaint: What’s the fate of ‘Indian 2’?

In what might pose a hurdle to ‘Indian 2′, the movie’s production company Lyca Productions has alleged that the Kamal Haasan-Shankar film was being made without its knowledge. This was revealed by Lyca in a police complaint it has filed against Ayngaran International Films’ director Karunamoorthy, who was its consultant.

The complaint, which made shocking charges against Karunamoorthy, said that the collaboration between Karunamoorthy and Lyca began on a good note in 2013 when the latter was producing Vijay-starrer ‘Kaththi’.

Stating that Lyca had roped in the services of Karunamoorthy to impart his technical expertise and help them gain a foothold in the industry, the complaint spoke in detail about the influential presence of Banu, a close confidant of Karunamoorthy, who was privy to all the financial dealings.

“Karunamoorthy was an important part of Lyca and took charge of approving scripts, and producing films,” it said and added it was Karunamoorthy who decided the remunerations for artistes and technicians. The letter said that Karunamoorthy deputed Banu to take such decisions in his absence.

The complaint alleged that Karunamoorthy started misusing the trust and made massive profits for his Ayngaran company by selling theatrical rights and overseas rights for various films produced by Lyca Productions, and siphoned off an estimate of Rs 90 crore.

The exact amount of loss for Lyca can only be determined by a thorough investigation. A sum of Rs 13.3 crore has been falsified in the account statements of Lyca as money spent on overseas deals made by Karunamoorthy with his close relatives and friends, it said

As per the the petition, Karunamoorthy decided to produce Simbu starrer ‘Vantha Rajavathaan Varuven’ and Kamal Haasan’s ‘Indian 2’ without the consent of Lyca Productions which incurred a huge loss to the firm.


Related Articles

Siddharth promises a comeback


STR as Hansika’s lover again


Sivakarthikeyan to shoot in Karaikudi


Leave a Comment

WP2Social Auto Publish Powered By : XYZScripts.com