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Lyca ventures further into Sri Lanka as French court issues €10 million fine

The Tamil-owned telecoms company Lycamobile has had its former CEO convicted and was ordered to pay a fine of €10 million after being found guilty of money laundering and fraud by a French court last month, just weeks after the company launched a Sri Lankan production arm looking to boost Sinhala-language cinema. The verdict in the Parisian court comes after years of ....

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