.

Deep Purple Accountant Jailed For Stealing $3 Million From Band


05-03-2019
Deep Purple

(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.
Copyright hennemusic - Excerpted here with permission.


Related Stories


Deep Purple Record New Album With Bob Ezrin

Deep Purple Expand Soundboard Series With Live In Rome

Deep Purple's Ian Gillan Limited Edition Book Announced

Classic Deep Purple Lineup Honored With Ivor Novello Award

Glenn Hughes Classic Deep Purple Live Rescheduled Dates Revealed

Deep Purple Announce U.S. Fall Tour

Deep Purple Accountant Jailed For Stealing $3 Million From Band

Glenn Hughes Addresses Deep Purple Farewell Tour Reunion Idea

Deep Purple Planning To Make New Album

Deep Purple's Ian Gillan Addresses Idea Of Blackmore Reunion 2018 In Review

More Deep Purple News

Share this article

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



advertisement

advertisement


Follow Us: Facebook Twitter Feeds

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

Copyright© 1998 - 2019 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.