Deep Purple Accountant Jailed For Stealing $3 Million From Band05-03-2019
(hennemusic) A former Deep Purple accountant who stole $3 million dollars from the band has been sentenced to jail in the UK for more than six years over the issue. Surrey Live reports Dipak Rao - who worked for the band between 1992 and 2014 - transferred large sums of money from the accounts of two companies that managed the group's royalties - Deep Purple Overseas Ltd and HEC Enterprises Ltd - into his own before being caught by authorities. Both businesses were started decades ago by former Deep Purple manager Tony Edwards and his business partner John Coletta; Rao's activity was discovered in 2014 when Edwards' children voiced concerns after inheriting parts upon their father's death in 2010. "The stress that we have been under during this time is immeasurable," said daughter and journalist Abigail Flanagan. "He has devastated the legacy that my father spent his life building. This devastation was brought about by a man that we had known for years and trusted." Rao - who pleaded guilty to two offences: fraud by abuse of position and transferring criminal property - will serve at least half of his sentence in jail before being released on license. Read more here. hennemusic is an official news provider for antiMusic.com.
Related Stories
Deep Purple Recruit Yes For North American TourDeep Purple Announce UK and Euro =1 More Time Tour Dates Deep Purple's 'Smoke On The Water' Finally Gets A Music Video Deep Purple's 'Machine Head' Expanded For Super Deluxe Edition Dimmu Borgir Cover Deep Purple's 'Perfect Strangers'
|
On the Blue: New Horizons Cruise Day 1: Marbin Gets the Fun Started
Hot In The City: Prog Band Tu-Ner Coming to Phoenix
Sites and Sounds: Daytona Beach Ready to Rumble with Welcome to Rockville
Pearl Jam Deliver 'Wreckage' Ahead Of 'Dark Matter'
The Osbournes Expanded With New Content For Rerelease
Hawthorne Heights, Thursday, Saosin and Anberlin Launching The 20 Years Of Tears Tour
Kiko Loureiro To Sell Megadeth Guitars, Amps, And More
Garth Brooks, Carrie Underwood, and ALABAMA Lead Kickoff Jam Lineup
Billy Morrison To Debut 'The Morrison Project' Track By Track Special Today On Ozzy's Boneyard
Watch Memphis May Fire's 'Chaotic' Video
CBS To Rebroadcast Billy Joel: The 100th Live From Madison Square Garden