Quote:
Originally Posted by ValarMorghulis
Not sure this is true. There are obviously recreational players already getting burnt at Purple and other places. Better to have it out in the open so that this doesn't continue to happen.
In terms of getting serious investigations into possible fraud by MediaCorp and Purple, I think media coverage would make that way more likely. I think it'll also make MediaCorp inclined to treat the players better in terms of paying out.
True if we could get a revolt going against other MediaCorp owned companies maybe this would help turn the screw on them.
Quote:
Originally Posted by WAtR
The way I understand it the owners have lost money due to PL going down.
Agreed I think MediaCorp have lost around £900,000 in this.
We really need to be able to see Purple Lounge's own accounts to see how they messed up so bad and where all the money went.
If they've blown £900,000 of parent company's money plus player deposits, where did this all go?
Looking at
http://companycheck.co.uk/company/05132341 they last submitted annual accounts for the period ending Sept 2010, at this stage they had one director, Mr Christopher Simon Gorman OBE.
It would be helpful if we could either obtain the most recent annual accounts for Purple Lounge Ltd (however, i doubt they have filed any more recently since the period ending Sept 2010, as these were only filed on 25th Jan 2012).
Or if we could find out who the current directors are (this should be easy to as this information needs to be kept up to date I believe at
http://www.companieshouse.gov.uk/) and try to get in contact with them so they can at least explain the situation from their perspective. Though not sure if doing this could hamper future legal proceedings.
Or we could contact the auditors of MediaCorp,
http://www.geraldedelman.com/. There office is based in London:
25 Harley Street
London
W1G 9BR
As a trained auditor myself I'd be happy to go visit them, I live only 20 mins ago and ask them a series of compiled questions. Though without seeing the latest Purple Lounge accounts we can't be certain I think that they audited Purple Lounge's accounts.