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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