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  DEEP PURPLE SUE THEIR LONG-TIME ACCOUNTANT FOR FOUR MILLION
8th January 2017



deep purple

Deep Purple have filed a lawsuit against their longtime accountant, Dipak Shanker Rao, accusing him of siphoning off up to £4million in band royalties.

According to The Times, the High Court has frozen the assets of Rao, who is being sued by Ian Gillan, Ian Paice and Roger Glover for allegedly misappropriating funds from their financial companies, HEC Enterprises and Deep Purple (Overseas) Ltd. Both companies own the copyright to many of the band's recordings, along with those of Rainbow and Whitesnake.

Rao has been working for Deep Purple for more than twenty years and has reportedly admitted "borrowing" or "lending" at least £2.27 million of Purple's money. Only £477,000 has been recovered thus far, with both HEC Enterprises and Deep Purple (Overseas) Ltd. having gone into administration a year ago.

These irregularities only came to light as a result of a lawsuit brought against the company by Ritchie Blackmore, who last year demanded £750,000 in unpaid royalties.

Blackmore sued the band's management companies twelve years after his former bandmates themselves sued the same firms, claiming they were similarly owed royalties. That 2003 lawsuit was eventually settled out of court.

In a 2009 interview with The Telegraph, Ian Gillan admitted he has not been particularly involved in overseeing Deep Purple's financial affairs. He said at the time:

"I'm completely irresponsible. I'm ignorant about money as a commodity — I have never really understood it. Years ago I decided to delegate running everything to my management because I'm only home three months every year and the rest of the time on tour."

In his 1998 autobiography, Gillan spoke well about their first accountant, the late Bill Reid, who the band found after marching into the reception of a major London firm demanding to see one of the financial partners.

"Bill became an anchor – at least in my life," Gillan wrote. "Bill told us what we could afford, and he paid the accounts. It seemed that we were a bottomless pit of money, but everything was channelled through him, and we respected that."







judas priest



MONSTERS OF ROCK IN FULL FLIGHT SURE TO BECOME FUTURE COLLECTOR'S ITEM

monsters of rock

Monsters Of Rock In Full Flight is strictly limited to 300 worldwide and is available from 30th November but those ordering before 31st October will have their name published within a dedicated page in the book.

It's a deluxe 128 page hardback book in a metal flight case with a narrative by Jerry Bloom.

When promoter Paul Loasby put on the first Monsters Of Rock Festival in 1980 he could probably never have imagined it would become an annual event that would endure for so many years.

Featuring bands from the UK, Germany, Canada and USA, Loasby chose to stage the event at the Donington race circuit in the middle of England and it would prove to be a defining moment for many of the bands on the bill.

Not least for headliners Rainbow as it was the their last ever show to feature drum legend Cozy Powell. As it would happen it turned out to be the last for vocalist Graham Bonnet as well. For many of the other bands on the bill such as Scorpions, Judas Priest and Saxon, they were all on the ascendancy and would soon go on to even greater success.

Now in celebration of this first ever Monsters Of Rock Festival comes this hardback book full of glorious photos of the bands that took to the stage for that inaugural event including back stage shots. Most of these shots have not been published before which add to the uniqueness of this deluxe 128-page book which is packaged in its own flight case.

Also included are stories surrounding the event with tales and recollections from those who were there, including artists and fans alike. Each book will be signed by the author. The 300 will sell fast and definitely go on to become collector's items so order yours now right here to avoid disappointment.












 


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