One of the largest corporate donors to Britain's Conservative Party, and a key sponsor of the Commonwealth business event in Colombo this week, has been shown to have close links to the family of Sri Lankan President Mahinda Rajapaksa.
According to Corporate Watch, Hastings Trading e Serviços Lda, a company owned by the Lyca Group, bought a 95% share in a dormant firm registered with Rajapaksa's nephew, Himal Lalindra Hettiarachchi as reported by the Sunday Leader in 2009. The company went on to receive a key license to operate cutting-edge wireless broadband frequencies in Sri Lanka, forcing the state-owned telecoms company to merge.
Lycamobile has donated over £530,000 to the Conservative Party since 2007, becoming one of its largest corporate donors.
The firm is also one of the Gold Sponsors of the Commonwealth Business Forum, currently underway on the sidelines of the Commonwealth summit in Sri Lanka. Deals worth more than $2bn are expected to be sealed during the forum, according to the Colombo government.