December 05, 2017
Dilip Rahulan -founder of Pacific control systems Dubai flee UAE in May 2016 defrauding banks and known people including ourselves for about six million dollars
Pacific control systems have defaulted on repayment of 1.4 Billion AED worth short and long term borrowings
The assets on ground are less than 800 Million AED -more than 600 Million missing
we have won civil case against Pacific control systems & Criminal case against Dilip Rahulan who is sentenced to three years of jail in absentia & an interpol arrest warrant is issued
We have served execution notice to Pacific control systems
we are in process of liquidating Pacific control systems & Dilip Rahulan assets in UAE
PCS own three Tier Data centre in Dubai which is probably biggest in entire Middle East.
ETISALAT is strategic partner for the Data centre
Inspite of PCS default -Data centre have survived because ETISALAT is managing the asset being of critical national importance. Since ETISALAT knows the asset -Quite likely ETISALAT will buy it as and when Data cente is auctioned
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