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Debt collector hunts Pirate Bay buyer

Debt collector hunts Pirate Bay buyer

Published: 21 Aug 2009 12:46 GMT+02:00
Updated: 21 Aug 2009 12:46 GMT+02:00

Hans Pandeya, the CEO of Global Gaming Factory (GGF), the company planning to buy The Pirate Bay, has been reported to the Swedish enforcement service (Kronofogden) for mounting unpaid debts.

Johan Sellström, a Swedish IT pioneer and former board member of GGF, has reported Pandeya to the service asserting that he is owed more than 6 million kronor ($840,000), according to a report in business news website DI.se.

Johan Sellström has also confirmed that he is considering suing Pandeya for the money he claims he is owed as the enforcement service procedure can take time, he told the newspaper.

Sellström, who was one of the founders of the IT consultancy Icon Medialab, was recently cited by Pandeya as evidence of the financial strength of GGF.

The former GGF technical director claims that he has outstanding claims against the company totaling 1.6 million kronor.

Hans Pandeya is also reported to have outstanding tax debts of around 780,000 kronor, the newspaper reports.

The service has made attempts to inform Hans Pandeya over the claims against him but has not been able to confirm receipt.

Trading in the shares of Global Gaming Factory X AB have been immediately suspended, the Aktietorget exchange stated in a press release on Friday afternoon.

GGF announced in June that it planned to purchase the popular downloading website The Pirate Bay for 30 million kronor.

Pandeya announced in the beginning of August that the purchase was set to be rubber-stamped by shareholders by August 27th at the latest.

TT/The Local (news@thelocal.se)

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Your comments about this article

16:27 August 21, 2009 by conboy
These bozos are the original chancer class born into an asses roar of money but never really inheriting any they are going to exploit gullible people, promote extreme right wing politics in Sweden and elsewhere and make personal fortunes if they are allowed to continue. As sorry a bunch of greedy aSS#### as you are likely to meet. YOU have been warned!
17:26 August 21, 2009 by DavidLightman
Come on guys seriously, this was the headline:

"Debt collector hunts Pirate Buy buyer"

You really need to use the spell and grammer checker. 'Buy' and 'Bay' are not the same.
10:49 August 22, 2009 by juanman79
Did you mean "grammAr checker" DavidLightman? Please check your own mistakes before pointing out others....
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