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Alphabet Media boss threatens to sue debt collector for breaching privacy

Alphabet Media logoThe boss of Singapore media company Alphabet Media has threatened to sue a debt collector that visited his offices last week to retrieve money owed to an Australian supplier.

Credit management firm Atradius Collections visited Alphabet Media’s offices in down-town Singapore last Thursday to pick up around $15,000 owed to Australian researcher Peter Hind, only to be told by Alphabet’s founder James Smith that the company had no money and could not pay.

But since the news emerged of the debt collector’s visit, and details were revealed of three court cases pending for outstanding payment worth over $1 million, Smith has threatened to sue Atradius for breaching his privacy and leaking information to the media, according to a document obtained by Mumbrella.

If the reputation of his company is tarnished, Smith has said he would take legal action against Atradius.

However, the debt collector is “not too concerned” about Smith’s legal threat, according to sources, given that Alphabet is in “severe financial distress” and unable to pay its debts.

Two former sales executives at Alphabet Media, one of whom owned a 15 per cent stake in the company, are taking the firm to court over outstanding salary and commission worth more than $1 million. The company also faces a date in court with a local recruitment firm.

Alphabet Media, which publishes regional gov-tech brand FutureGov, is being pursued by a number of other suppliers and event delegates, including government officials, who say they are owed money.

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