Pirate Bay Buyer Has Car and Motorcycle Repossessed

[DaBees-Knees]

http://torrentfreak.com/pirate-bay-buyer-has-car-and-motorcycle-repossessed-090829/

As if his financial issues couldn’t get any worse, the CEO of Global Gaming Factory suffered yet another humiliating setback yesterday. After a tax debt of more of $110,000 went unpaid, enforcement officers swooped last night, repossessing Hans Pandeya’s car and a motorcycle.

The proposed sale of The Pirate Bay is looking less like a business deal and increasingly like some kind of soap opera – and an unbelievable one at that.

Despite Global Gaming Factory’s investors getting cold feet and aborting their financial support for the purchase of the world’s largest tracker, on Thursday the company’s shareholders (well, at least the four who attended the meeting) all agreed that the purchase could go ahead.

Less optimistically, Peerialism, GGF’s technology partner, said there would be no business between the companies.

Where the money will come from in the end is anyone’s guess, but CEO Hans Pandeya says he will cover the purchase with his own shares, but right now, it appears he doesn’t even have cash to cover his business or personal debts.

Recently, former GGF board member Johan Sellström said that Pandeya owed him in excess of 6 million kronor ($840,000) and said he was suing to get the money back.

Now, according to a new report, last night Pandeya suffered a serious humiliation, one that he’ll find difficult to put down to the “smear campaign” he said had been orchestrated against him recently.

Having failed to pay a debt of some 780,000 kronor ($110,400) owed to the Swedish tax authorities, yesterday enforcement officers ran out of patience and swooped to seize his assets.

You couldn't dream up a story like this !!!!