Lycamobile dismisses tax allegations

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Ethnic MVNO issues strong denial after reports of arrests in France following “cash dumping” claims

Lycamobile has issued a strongly worded rebuttal to reports claiming a number of people linked to the MVNO had been arrested in France on tax fraud allegations.

The ethnic MVNO, which runs on O2 in the UK, claims reports from Buzzfeed News were “unfounded and factually flawed”.

The reports claimed French police had arrested 19 people connected to Lyca after raids on its Paris office last week. It followed an investigation last year that accused the MVNO of dumping “hundreds of thousands of pounds” at locations across London.

In a strongly worded statement, Lycamobile said: “Lycamobile contends that the articles are unfounded and factually flawed. The articles are prejudicial, inflammatory and reckless. They deliberately misinform readers and lead them to conclude that allegations have been made directly against Lycamobile by French authorities when in fact no such allegations have been made.

“The French authorities have not taken any action as alleged by BuzzFeed, against Lycamobile.

“Accordingly, Lycamobile is taking all appropriate legal action to ensure that its reputation is upheld, and to address the denigrating allegations propagated by BuzzFeed.”

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  1. French prosecutors at the Parquet National Financier, who were behind the Lycamobile arrests, released a statement: “On Wednesday and Thursday, 19 people suspected of being involved in a money-laundering system implicating Lycamobile and Lycamobile Services were arrested.

    “The arrests were part of a Paris judicial investigation into money laundering and VAT fraud. Several places in Paris and its outskirts were raided and police seized about €130,000 in cash and €850,000 from bank accounts.

    “Nine people were brought in front of a judge on Friday and charged with money laundering among other things, and eight were released on cash bail while one man remained in custody.

    “The charges relate to money laundering of at least €17m and VAT fraud of several million euros.”

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