Software tycoon ‘flees Tamil Tigers’

the register - 24 November 2000

This is the Text of the article concerned, which appears as in a normal typeface. Our Analysis is presented in Bold:-

 

So why did he run away to Sri Lanka?

JOSEPH DE SARAM, DID NOT FLEE THE TAMIL TIGERS’. FURTHERMORE, THE CAPTION THAT ‘SO WHY DID HE RUN AWAY TO SRI LANKA?’ IS A FABRICATION OF LUCY SHERRIFF. JOSEPH DE SARAM DID NOT STATE THAT HE ‘FLED’ BECAUSE OF ‘TAMIL TIGERS’ AND THEN LUCY SHERRIFF’S FOLLOW UP CAPTION IS SIMILARLY FLAWED.

A 28-year-old man has fled the country to escape his creditors after his technology business collapsed around his ears.

JOE DE SARAM HAD NOT ‘FLED THE COUNTRY TO ESCAPE HIS CREDITORS AFTER HIS TECHNOLOGY BUSINESS COLLAPSED AROUND HIS EARS’ – THIS IS A BLATANTLY FALSE AND HIGHLY DEFAMATORY STATEMENT.

Joe de Saram started his software company, Rhodium, a year ago with a loan of £2500. The company specialised in banking software and encryption technology.

NO, JOE DE SARAM INCORPORATED RHODIUM PLC ON 12 JUNE 1995 AND THE COMPANY WAS IN PLACE BEFORE THE SOFTLOANS WERE OBTAINED. IT WAS NOT ESTABLISHED ‘A YEAR AGO’ WHICH ACCORDING TO LUCY SHERRIFF WOUD PUT IT AT 1999.

At the height of the technology boom he was worth a cool £25 million. He drove a Ferrari 355 F1 and was the 62nd richest Asian in the UK.

He had offices in Sheffield and London and was planning to launch an online bank and share trading system. His company name was changed to “I Love My Encryption Technology”.

DOES HAVING AN OFFICE REALLY IMPRESS PEOPLE? JOSEPH DE SARAM CHANGED THE NAME TO I LOVE MY ENCRYPTION TECHNOLOGY BECAUSE OF THE CLIENTS HE WAS DEALING WITH AT THE TIME – IT WAS A SIGNAL TO THE PARTIES CONCERNED WHICH IS ANOTHER EXPLANATION ALL TOGETHER.

But as the dotcom bubble deflated, his company ran into financial difficulties, and was finally wound up in Leeds Registry Court.

THE DOTCOM BUBBLE’S DEFLATION OR OTHERWISE WAS NOTHING TO DO WITH THE COMPANY’S FINANCIAL DIFFICULTIES’ AT THE HANDS OF NCIS / HMCE AND MI5.

Lawyers acting for Saram’s creditors said that the young ex-millionaire was thought to be in Sri Lanka, having been traced via his mobile phone.

THE NONSENSE ABOUT ‘JOE DE SARAM HIDING’, OR ‘JOE DE SARAM SHIRKING HIS RESPONSIBILITIES’ OR ‘JOE DE SARAM BEING TRACED VIA HIS MOBILE PHONE’ IS PURELY FABRICATION TO CREATE A JUICY STORY TO SELL NEWSPAPERS. IT WAS JUST ONE BIG SMEAR CAMPAIGN AND IT SUCCEEDED BECAUSE IT THERE WERE SUFFICIENTLY DENSE JOURNALISTS WHO WERE BORED OF THEIR EXISTENCES AT THE TIME AND JOSEPH DE SARAM WAS NOT AROUND TO DEFEND HIMSELF.

One creditor told London freebie paper Metro that he was quite a character. She said: “There are all sorts of stories and rumours circulating about him. People are even saying that the Tamil Tigers are after him.”

THAT’S RIGHT, THERE WERE ‘ALL SORTS OF STORIES AND RUMOURS CIRCULATING ABOUT [JOSEPH DE SARAM]. ACCORDINGLY, LUCY SHERRIFF OF THIS ARTICLE SHOULD HAVE CONFIRMED HER SOURCES AND SEPARATED THE STORIES FROM THE FACTS RATHER THAN ATTRIBUTING THEM TO JOSEPH DE SARAM AND THEN MAKING FLAWED CONCLUSIONS ABOUT HER OWN FABRICATIONS.

Leeds county court said an official liquidator will be appointed within five days of the winding up.

 

https://web.archive.org/web/*/http://www.theregister.co.uk/2000/11/24/software_tycoon_flees_tamil_tigers

 

Related Links

Yahoo Answers – Answers Yahoo Question is JSRDS Dead or Alive

Show More Info – Show Me More Info on Joe de Saram

The Register – The Curious Case of Arthur C Clarke, MI5 and the Runaway Millionaire

Wired – What Are You Doing, Arthur ?

Computer Weekly – Credit Confusion Surrounds a Trade Reference

Forbes – Stranger than Science Fiction

ZDNet – Software Millionaire Dot-Gone with Rhodium Collapse

The Guardian – Founder Joe de Saram Absent as Rhodium Folds

The Daily Mail – MI5 Put Me out of Business

 

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