.

Deep Purple Sue Accountant Over Missing Millions Of Dollars

01-09-2017
.
Deep Purple

(hennemusic) Deep Purple are suing longtime account Dipak Shanker Rao after discovering that nearly $5 million dollars is missing following a review of their company's books.

The Times reports principal band members Ian Gillan, Roger Glover, Ian Paice and the estate of Jon Lord have filed a lawsuit in London's High Court accusing Rao of siphoning off up to 4 million in royalties from their financial companies, HEC Enterprises and Deep Purple (Overseas) Ltd.

The High Court have frozen Rao's assets after he admitted "borrowing" or "lending" at least 2.27 million of the company's money. Only 477,000 has been recovered to date, while both companies went into administration (bankruptcy) a year ago.

The funds were discovered missing during a review of the group's books after former Deep Purple guitarist Ritchie Blackmore sued the companies last year, alleging that he was owed 750,000 in unpaid royalties. Read more here.

hennemusic is an official news provider for antiMusic.com.
Copyright hennemusic - Excerpted here with permission.

Deep Purple Music, DVDs, Books and more

Deep Purple T-shirts and Posters

More Deep Purple News

Share this article
Share on Facebook Share on Twitter Share on Google+ Pin it Share on Reddit email this article


Related Stories


Deep Purple and Judas Priest Team For North American Tour

Ritchie Blackmore Wants Deep Purple Mark II Reunion

Glenn Hughes To Revisit Deep Purple Tracks For U.S. Tour

Deep Purple's Steve Morse Offers Reward For Stolen Rare Guitar

Glenn Hughes Announces Classic Deep Purple Live Tour

Rock Hall Induction Wasn't Important To Deep Purple

Deep Purple Address Ritchie Blackmore Reunion Idea 2017 In Review

Deep Purple And Ritchie Blackmore Reunion Endorsed By Morse 2017 In Review

Deep Purple's Ian Gillan And Ritchie Blackmore Talking Again 2017 In Review

Whitesnake Release Video For Deep Purple Classic Performance


advertisement



Day In Rock Reports


Follow Us:

Contact Us - Privacy - antiMusic Email - Why we are antiMusic

Copyright© 1998 - 2018 Iconoclast Entertainment Group All rights reserved.

Please click here for legal restrictions and terms of use applicable to this site. Use of this site signifies your agreement to the terms of use.