Media Corp May Have Accounting Issues

This story was published more than 11 years ago.

UK gaming company Media Corp announced on Thursday that its new management is concerned about discrepancies in its accounts and is weighing the possibility of taking up a forensic accounting exercise to determine where the money went.

Media Corp has been criticized for its silence following the failure of the Purple Lounge casino, although the accounting problems may be the reason that the company has kept tight lipped. Media Corp announced its decision to liquidate Purple Lounge after its new management team took over operations this month.

Currently many angry investors and players are contemplating suing Media Corp over the Purple Lounge debacle, with some planning to sue the group's former management.

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