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Lycamobile faces winding-up petition over £51m VAT dispute amid financial struggles and scrutiny

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The Guardian: Lycamobile, a telecoms company that has given more than £2m to the Conservative party, has been issued with a winding-up petition by HM Revenue and Customs, amid a long-running VAT dispute.

The company, founded by businessman Allirajah Subaskaran in 2006, sells pay-as-you-go sim cards that are popular with low-paid workers wanting to make cheap phone calls to family overseas, as well as in the UK.

While the company generated revenues of more than £145m in 2022, it is now loss-making. Its accounts have repeatedly been filed late and have at times confounded its own auditors.

Successive accounting firms have raised concerns about the opacity of Lycamobile’s books, while the company has also been locked in an eight-year tussle with HMRC over its treatment of VAT on phone “bundles” sold to customers over seven years.

The amount in dispute is £51m, according to a tax tribunal that ruled in favour of HMRC last month. In accounts filed earlier this year, Lycamobile estimated the potential cost to the company at £99m.

A winding-up petition is a formal legal process that creditors can use against a company that owes them money and is unable to pay its debts. HMRC regularly issues such petitions, which can result in assets being forcibly sold, against companies that have not paid their tax bill.

HMRC issued the winding-up petition against Lycamobile UK Ltd on Monday, according to a court filing seen by the Guardian and first reported by City AM. Identical petitions were served against sister companies Lycatel Services Ltd and, a week earlier, against Lycamoney Financial Services Ltd. All are ultimately owned by Subaskaran, a British-Sri Lankan entrepreneur who is Lycamobile’s founder and chair.

Lycamobile was one of the Tory party’s most generous donors between 2011 and 2016, giving more than £2.1m. It also supported Boris Johnson’s successful attempt to become London mayor.

It came under scrutiny in 2015 when an investigation by BuzzFeed revealed that Lycamobile employees were depositing rucksacks full of cash, some containing up to £250,000, at the Post Office.

There is no suggestion of any connection to the VAT dispute and Lycamobile said at the time that its cash deposits were part of “day-to-day” banking sanctioned by the Post Office.

Lycamobile has repeatedly filed its accounts late, putting it at risk of being struck off the corporate register. In 2016, the auditor KPMG said it was unable to account for £134m of assets, citing an arcane corporate structure including offshore entities.

The company’s latest auditor, PKF Littlejohn, said in June that it could not sign off Lycamobile’s accounts because it had “not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion”.

Those results, for the year to the end of December 2022, showed a £24m loss, compared with an £8m profit the previous year.

In the subsequent financial year, for which accounts are not yet available, the company suffered a malware attack that reportedly prevented customers making calls or topping up their accounts.

The Guardian has approached Lycamobile for comment.

HM Revenue and Customs said it could not comment due to rules regarding taxpayer confidentiality.

Opposition calls for clarity on Sri Lanka’s position amid rising India-Pakistan tensions

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April 27, Colombo (LNW): The Sri Lankan government is facing mounting pressure from opposition parties to clarify the country’s position in the event of further escalation in the ongoing tensions between India and Pakistan.

With the region on edge, the opposition is demanding transparency, particularly in light of the recent defence cooperation memorandum of understanding (MoU) signed between Sri Lanka and India.

Namal Rajapaksa, National Organiser of the Sri Lanka Podujana Peramuna (SLPP), voiced concerns over the lack of clarity regarding Sri Lanka’s stance if the situation between India and Pakistan were to escalate into full-scale conflict.

Rajapaksa emphasised that the people of Sri Lanka have the right to know where the government stands, particularly given the strategic defence agreements in place with India.

“Sri Lanka is a nation that has long been committed to peace,” he remarked, adding that it is crucial for the government to be upfront about its plans in the event of an intensifying conflict in the region.

Echoing these sentiments, Dr. Harsha de Silva, Member of Parliament for the Samagi Jana Balawegaya (SJB), also called for greater transparency. He argued that the public deserves to be informed about the country’s position on such a critical issue.

De Silva stressed that Sri Lanka’s commitment to peace and neutrality should be at the forefront of any declarations, especially considering the implications of the defence cooperation MoU signed with India.

He further suggested that Parliament should be provided with a detailed briefing on the contents of the MoU to ensure that all legislative representatives are fully informed of the terms of the agreement and the potential ramifications for Sri Lanka’s foreign policy.

The government’s response to these demands will likely shape public perception of its foreign policy, especially as the situation in South Asia continues to evolve.

“Clean Sri Lanka” initiative continues with strong community support during Siri Dalada Wandanawa exposition

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April 27, Colombo (LNW): The ongoing “Clean Sri Lanka” initiative, launched in tandem with the special Siri Dalada Wandanawa exposition in Kandy, reached its ninth consecutive day on Saturday (26).

This effort, focused on maintaining cleanliness and promoting responsible waste disposal, has garnered significant attention, particularly in the vicinity of the Temple of the Sacred Tooth Relic.

The programme primarily targeted the key access routes leading to the Temple and its surrounding areas, with the active involvement of the Clean Sri Lanka Secretariat and numerous volunteer groups.

These groups, which included both young and older members of the community, dedicated their time and energy to ensuring the cleanliness of one of Sri Lanka’s most revered landmarks.

The initiative is part of the government’s effort to instil a culture of responsible waste management amongst the public. By addressing the issue head-on, organisers aimed to not only clean up the area but also to raise awareness about the importance of maintaining public spaces, especially in high-traffic, culturally significant locations like Kandy.

The programme has received widespread community support, with locals and visitors alike participating enthusiastically. The strong turnout underscores the growing recognition of the importance of preserving Sri Lanka’s natural beauty and cultural heritage.

Volunteers, including students, professionals, and other residents, worked together with local authorities to tackle littering and ensure the safe disposal of waste.

This waste management effort has coincided with the special exposition of the Sacred Tooth Relic, which has drawn a large number of devotees from across the island.

The successful implementation of the initiative during this high-traffic period has highlighted the potential for ongoing, community-driven efforts to improve public cleanliness and foster a more sustainable future.

Prez AKD urges unity and reconciliation to safeguard Sri Lanka’s future

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By: Isuru Parakrama

April 27, Colombo (LNW): The National People’s Power (NPP) hosted a public rally yesterday (26) in the Pudukkudiyirippu area, as part of its preparations for the forthcoming Local Government elections.

The event was spearheaded by President Anura Kumara Dissanayake, who addressed a large and attentive crowd.

In his speech, Dissanayake stressed the critical importance of securing victory at the upcoming elections, framing it as a necessary step to maintain and strengthen the country’s recent progress.

He remarked that, after many years of hardship and stagnation, Sri Lanka had finally begun to chart a more hopeful course. Dissanayake cautioned that allowing this newfound direction to falter would only set the nation back.

Reflecting on the country’s painful past, he spoke movingly about the devastation wrought by the prolonged conflict between the North and South. He highlighted the enormous human cost, with countless innocent lives lost and families torn apart by the violence.

Dissanayake urged all Sri Lankans to move beyond the bitterness of history, emphasising the need for reconciliation and unity across ethnic and communal lines.

He called upon the people to embrace the vision of a shared homeland, where every citizen, regardless of background, could feel an equal sense of belonging and pride. Stressing that unity must be at the heart of the country’s future, he noted that true national strength would come from solidarity rather than division.

In a gesture aimed at fostering this spirit of togetherness, Dissanayake announced plans for a National Cultural Day to be held in October.

The celebration would serve as a platform for all communities to come together, celebrating their rich diversity while reinforcing the common bonds that tie the nation together, he remarked.

Applications for GCE A/L result re-evaluation to open in May

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April 27, Colombo (LNW): The Department of Examinations has announced that it will begin accepting applications for the re-evaluation of GCE Advanced Level (A/L) examination results from May 02.

Students wishing to request a reassessment of their examination scripts must submit their applications online through the department’s official website, onlineexams.gov.lk.

The deadline for submissions has been set for May 16, and applicants have been encouraged to adhere strictly to the given timeframe to avoid any delays or complications.

This announcement follows the recent release of the A/L examination results, where 177,588 students were reported to have met the eligibility criteria for university admission.

However, the Department also revealed that the results of 456 students have been suspended pending further investigation.

Distribution of polling cards continues today ahead of LG Polls

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April 27, Colombo (LNW): In preparation for the upcoming Local Government elections, the National Election Commission has confirmed that the distribution of polling cards will proceed today (27), despite it being a Sunday.

This move forms part of the Commission’s efforts to ensure all registered voters receive their official documents ahead of polling day.

Commissioner General of Elections Saman Sri Ratnayake stated that the delivery process, which commenced on April 16, is progressing as planned and will conclude on Tuesday, April 29.

He urged voters to ensure they receive their polling cards by the stipulated date to avoid any complications when casting their ballots.

Voters who have not received their official polling cards by the end of the distribution period have been advised to personally visit their nearest post office.

Upon presentation of their National Identity Card (NIC), they will be able to collect their polling cards directly. The Election Commission has emphasised the importance of this step to maintain the integrity and efficiency of the electoral process.

Court restricts protest activity near examination centres amid recruitment tests for health services

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April 27, Colombo (LNW): The Maligakanda Magistrate’s Court has issued a prohibition order against four individuals, barring them from entering or remaining in the vicinity of examination centres today (27), as the Ministry of Health conducts competitive recruitment examinations for supplementary health service courses.

The court action followed a request by the Officer-in-Charge of the Maradana Police Station, who reported credible intelligence indicating plans to stage a protest intended to disrupt the examination process.

Police stated that there were concerns the demonstration could dissuade or intimidate candidates intending to sit the exams, which are crucial for recruiting graduates into key health sector roles.

Those named in the court order include M.N.M. Nustri, co-convener of the Allied Health Science Graduates’ Union, Nandun Dasharika Hewapathirana, secretary of the union, Madushan Chandrajith, convener of the Inter-University Students’ Federation (IUSF), and Ravi Kumudesh, chairman of the Joint Council of Supplementary Medical Professionals.

Under the court’s directive, these individuals are forbidden from entering the Colombo hospital square within the Maradana Police Division and from engaging in demonstrations or protest marches that could obstruct pedestrian access along major roads such as Deans Road, De Saram Road, Kinsey Road, and Regent Street. This measure specifically seeks to prevent disruptions to the operations of hospitals and medical facilities located in these areas.

The order also extends to prohibiting loitering or staging protests in front of two of the designated examination venues — the School of Nursing Colombo and the Post Basic College of Nursing — during examination hours, which run from 8 a.m. to 4 p.m. today.

The Ministry of Health confirmed that the competitive examination, organised by its Examinations Division, is being held across four locations: the School of Nursing Colombo, Post Basic College of Nursing, College of Nursing in Kandana, and the Castle Street Hospital for Women.

The tests are scheduled to commence at 10 a.m. and are critical for filling vacancies in the roles of Medical Laboratory Technologists, Radiographers, and Physiotherapists within the public healthcare sector.

Candidates were notified through mailed admission cards ahead of the examination date, with the Ministry emphasising the importance of maintaining order to ensure the smooth and fair conduct of the process.

Thousands flock to Kandy as Sacred Tooth Relic exposition draws to a close

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April 27, Colombo (LNW): The special public exposition of the Sacred Tooth Relic, known as the Siri Dalada Wandanawa, is set to conclude today (27) at the historic Temple of the Sacred Tooth Relic in Kandy, drawing overwhelming numbers of devotees right up to its final hours.

The veneration ceremony, which has been taking place daily from 11:00 a.m. to 5:30 p.m., witnessed a surge of worshippers gathering from across the island, forming long queues stretching through the ancient city’s streets.

Despite the impending closure of the event, thousands continue to make the pilgrimage to pay homage to the revered relic of Lord Buddha, with many braving long waits in the spirit of devotion.

Throughout the duration of the exposition, numerous individuals and religious organisations generously organised Dansal (alms giving) and offered various services to the devotees, creating a vibrant and deeply spiritual atmosphere across the city.

Temporary shelters, refreshment points, and first aid stations were also set up to accommodate the needs of the visiting crowds.

This year’s Siri Dalada Wandanawa holds particular significance as it marks the first time in 16 years that the Sacred Tooth Relic has been displayed for public veneration. The event officially commenced with ceremonial observances on April 18, followed by a 10-day public exposition beginning on April 19.

In just over a week, it is estimated that hundreds of thousands of devotees have participated in this rare religious occasion, demonstrating the enduring importance of the Sacred Tooth Relic in Sri Lankan Buddhist culture.

To support the influx of pilgrims and maintain the city’s sanctity, the Central Province authorities have initiated a comprehensive city-wide cleanliness drive. Chief Secretary of the Central Province, Ajith Premasinghe, announced that efforts to clear garbage and improve sanitation in and around Kandy have been intensified, beginning today, to restore the city following the massive turnout.

Sri Lankan Baila sensation Saman De Silva passes away

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By: Isuru Parakrama

April 27, Colombo (LNW): Renowned Sri Lankan singer and beloved Baila maestro Saman De Silva has sadly passed away, his family confirmed.

His departure marks the end of a vibrant era in local music, where his infectious rhythms and spirited performances brought joy to audiences both at home and abroad.

Saman De Silva carved a distinctive place for himself in the hearts of music lovers with his lively interpretations of Baila, a genre deeply embedded in Sri Lanka’s cultural tapestry.

His songs, such as ‘Niyare Piya Nagala’, ‘Punchi Kurulu Kuduwe’, ‘Suroopi Viroopi’ (famously known as ‘Epa Epa Rewatenu’), ‘Santhosa Wenna Preethi Wenna’, ‘Thana Nilla Dige’, and ‘Pura Handa Neguna’, continue to resonate across generations, often serving as staples at celebrations and community gatherings.

With a career that spanned several decades, De Silva’s music was characterised by its ability to unite people in moments of dance and delight. His spirited performances were not confined to Sri Lanka alone; he represented the island’s rich musical heritage on international stages, performing for expatriate communities and music enthusiasts across the globe. His tours not only celebrated Baila music but also helped strengthen cultural ties with Sri Lankan diasporas.

A proud alumnus of Nalanda College, Colombo, De Silva’s passion for music was evident from a young age. His education, coupled with his natural musical talent, nurtured a career that blended discipline with boundless creativity.

He was widely admired not just for his musical prowess but also for his humility and commitment to nurturing young artists, often encouraging emerging talents to embrace and innovate within traditional forms.

Colleagues from the music industry, fans, and cultural figures have begun paying tribute to De Silva’s extraordinary contributions. Many recall his unique ability to infuse a festive spirit into any gathering and his role in preserving and popularising the Baila tradition in a rapidly modernising world.

Heavy showers and thunderstorms expected across SL amid intertropical convergence zone influence (April 27)

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April 27, Colombo (LNW): The Intertropical Convergence Zone (where winds from the Northern Hemisphere and Southern Hemisphere converge) affects the island’s weather, the Department of Meteorology said in its daily weather forecast today (27).

Showers or thundershowers will occur at most places of the island during the afternoon or night.

Several spells of showers may occur in Western province and in Puttalam, Mannar, Jaffna, Galle and Matara districts in the morning.

Heavy falls about 100 mm are likely at some places in Sabaragamuwa, Central, Uva, Eastern and North-central provinces and in Vavuniya, Mullaittivu and Kurunegala districts.

The general public is kindly requested to take adequate precautions to minimise damages caused by temporary localised strong winds and lightning during thundershowers.

Misty conditions can be expected at some places in Centraland Uva provinces during the morning.

Marine Weather:

Condition of Rain:
Showers or thundershowers will occur at several places in the sea areas around the island.
Winds:
Winds will be South-westerly to Southerly and wind speed will be (20-30) kmph. Wind speed can increase up to 40 kmph at times in the sea areas off the coast extending from Chilaw to Kankasanthurai via Mannar and from Matara to Pottuvil via Hambantota.
State of Sea:
The sea areas off the coasts extending from Chilaw to Kankasanthurai via Mannar and from Matara to Pottuvil via Hambanthota can be moderate at times. Temporarily strong gusty winds and very rough seas can be expected during thundershowers.

Bill Gates’ Youngest Daughter Makes Big Announcement

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Earlier this year, Phoebe Gates, the youngest daughter of billionaire tech mogul Bill Gates and Melinda French Gates, landed a new job.

The 22-year-old self proclaimed “nepo baby” launched a new podcast courtesy of the Unwell network created by former Barstool Sports star Alex Cooper. During the first episode of their new podcast, The Burnouts, Gates spoke with friend and business partner Sophia Kianni to discuss their time at Stanford while building their new product.

“A lot of times, I think of things through the lens of there’s no sunken cost,” she explained. “It’s easy to look back and think we study these different subjects, law, human biology, that now don’t really necessarily relate exactly to what we’re working on when it comes to fashion tech. And I think it’s also important for people to realize you can always change direction. You can always immediately decide to do something completely different than what you’re doing at that current moment.”

Sophia Kianni and Phoebe Gates attend Female Founder inspired cocktail hour with Shiffon and Phia hosted by Phoebe Gates, Sophia Kianni, Shilpa Yarlagadda and Aditi Shah on January 09, 2023 in Los Angeles, California.<p><a href=
Sophia Kianni and Phoebe Gates attend Female Founder inspired cocktail hour with Shiffon and Phia hosted by Phoebe Gates, Sophia Kianni, Shilpa Yarlagadda and Aditi Shah on January 09, 2023 in Los Angeles, California.Emma McIntyre/Getty ImagesMore

That new product, a shopping app named Phia, is finally here. Gates and Kianni announced the new app is “like Google Flights for fashion.”

“It’s been exciting to bring a vision to life that caters directly to customer needs, and combines innovation with our passion. Shopping for the things you love shouldn’t be hard, expensive, or a waste of time. That’s why we built Phia — to make finding the best deal effortless,” the two told People in a statement on April 24.“Think of it as your personal shopping sidekick, always tagging along on your phone or laptop, making sure you never overpay,” they added. “Phia is like Google Flights for fashion — an AI-powered tool that compares prices across 40,000+ retail and secondhand sites in seconds. No ads, no endless searching — just the best options in one click, so you can get the best price every time.”

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