According to SurreyLive, DEEP PURPLE's former accountant was sentenced to six years and four months in prison for stealing £2.2 million (approximately $2.87 million) from two companies that managed the band's royalties.
Dipak Rao, who worked for the band between 1992 and 2014, diverted large sums of money from from the accounts of Deep Purple Overseas Ltd and HEC Enterprises Ltd into his personal accounts. He covered his tracks by excluding them from the financial accounts and restricting access to the companies' bank statements. He then invested the cash into a number of money-making schemes, all of which later turned out to be scams and resulted in Rao losing the money.
Deep Purple Overseas Ltd and HEC Enterprises Ltd were established in the 1970s to manage the copyright of the PURPLE songs, but also became responsible for the rights of RAINBOW and WHITESNAKE, bands formed by former DEEP PURPLE members Ritchie Blackmore and David Coverdale.
Rao's scheme reportedly came to light when Blackmore launched a lawsuit against the group's management companies in 2016, demanding £750,000 in unpaid royalties.
Rao was later sued by DEEP PURPLE members Ian Gillan, Ian Paice and Roger Glover for the return of up to £4 million in royalties.
To comment on a
story or review, you must be logged in to an active personal account on Facebook. Once you're logged in, you will be able to comment. User comments or postings do not reflect the viewpoint of
does not endorse, or guarantee the accuracy of, any user comment. To report spam or any abusive, obscene, defamatory, racist, homophobic or threatening comments, or anything that may violate any applicable laws, use the "Report to Facebook" and "Mark as spam" links that appear next to the comments themselves. To do so, click the downward arrow on the top-right corner of the Facebook comment (the arrow is invisible until you roll over it) and select the appropriate action. You can also send an e-mail to blabbermouthinbox(@)gmail.com with pertinent details.
reserves the right to "hide" comments that may be considered offensive, illegal or inappropriate and to "ban" users that violate the site's Terms Of Service. Hidden comments will still appear to the user and to the user's Facebook friends. If a new comment is published from a "banned" user or contains a blacklisted word, this comment will automatically have limited visibility (the "banned" user's comments will only be visible to the user and the user's Facebook friends).