Lyca Productions probes funds mismanagement by Ayngaran Karunamoorthy
Lyca Productions has initiated an investigation into alleged mismanagement of funds by Ayngaran Director Karunamoorthy, who was heading the films division for the production house since its inception in India with Thalapathy Vijay’s Kaththi in 2014.
Subaskaran Allirajah has now initiated legal proceedings against Karunamoorthy alleging that he has siphoned nearly Rs 120 crores from various films produced by Lyca such as Kolamaavu Kokila, Vandha Rajavathaan Varuven to name a few. More details about the volume of misappropriation of funds are awaited.
