Rock group Deep Purples former accountant has been banned as a company director for misappropriating at least £2m from two entities controlling their catalogue of hits.
Dipak Rao, who worked for the band behind the hit Smoke on the Water between 1992 and 2014, has been disqualified for 11 years following an investigation by the Insolvency Service. It found he siphoned money into his personal accounts from two companies, Deep Purple (Overseas) Ltd and HEC Enterprises Ltd, between 2008 and 2014.
The 69-year-old, who lives in Worcester Park, south-west London, concealed what he had done by ensuring that the transactions did not appear in financial accounts and restricted access to the companies bank statements, the Insolvency Service …
Read the full article at: https://www.theguardian.com/music/2017/sep/25/deep-purpls-accountant-banned-as-director