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 Open 'Portable Door' Video To New AlbumDeep Purple Announce New Album '=1' Deep Purple Recruit Yes For North American Tour Deep Purple Announce UK and Euro =1 More Time Tour Dates Deep Purple's 'Smoke On The Water' Finally Gets A Music Video
|
Root 66: New Riders of the Purple Sage- Gene Clark- More
Robert Plant, Yes and Willie Nelson Among Stars Coming to Ozarks Amphitheater
Live: Heart and Cheap Trick Rock Tampa
On the Blue: New Horizons Cruise Days 4 & 5: Starship Lands on the Pearl, Alan Parsons Takes It Home
Imagine Dragons Team With J Balvin For New Version Of 'Eyes Closed'
Slipknot Add Date To Here Comes The Pain Tour Due To High Demand
Black Country Communion 'Enlighten' With New Single
All That Remains Return With 'Divine' Video
The Hu Share 'Tatar Warrior' Live Video To Announce Live At Glastonbury Package
A Killer's Confession Unleash 'Martyr' Video
Focus Announce New Album 'Focus 12'
Singled Out: David Haerle's The Great Galaxy Sci-Fi Convention Show