33Pct owner of WSO2/Inframon & Founder of Pacific control system - Erie News Now | WICU & WSEE in Erie, PA

33Pct owner of WSO2/Inframon & Founder of Pacific control systems Jailed


DUBAI, UAE - 09-15-2017 (Press Release Jet) --

Dilip Rahulan, an Indian-born Australian national founder of technology company Pacific Controls, Dubai has been jailed for three years in absentia, according to Dubai court documents.

Dilip Rahulan was sentenced to three years in prison on 27 December 2016 for “issuing in bad faith dud cheques for AED 21,852,500 equivalent of about USD 5.9 million” 

On January 21st Dubai public prosecution issued his arrest warrant

The defendant Indian national Shah Tejashkumar Vinodchandra, reported that Dilip Rahulan signed two cheques totalling AED21,852,500 ($5.9 million) that were later returned unpaid due to insufficient funds, according to the court documents.

Shah has won both; the criminal case against Dilip Rahulan and civil case against Pacific Control Systems. 

Dubai court have  already issued orders to liquidate Pacific  Control Systems assets in the UAE

We are in process of liquidating Pacific control systems & Dilip Rahulan assets in Dubai. if we do not get our money, we will go after Pacific control systems worldwide assets which included shares in WSO2 & Inframon

The investment in WSO2 is pacific control system UAE property and not property of Dilip Rahulan as an individual through Dilip Rahulan may have 100pct power of attorney of Pacific control systems

We hope WSO2  & Inframon will not part money with Dilip Rahulan as an individual otherwise WSO2  & Inframon can be charged with money laundering or party to facilitate fraud

Dilip Rahulan is presently living in the USA . As executive chairman of Pacific control Systems he borrowed over USD 400 million from banks & known people in the UAE.

Pacific control systems have defaulted on repayments leaving behind assets of under USD 200 million and syphoning off about USD 200 million from the company. 

Dilip Rahulan had pre planned the fraud, Pacific control systems bought 33pct shares of  Inframon and WSO2 in 2015. 

INFRAMON is  now acquired by ENSO 

 70pct of WSO2-Telco –part of WSO2  is acquired by AXIATA.

The proceeds of sale of Pacific controls shares have not come back to Pacific control systems in Dubai

Intel capital/CISCO capital and Toba capital are anchor investors @WSO2.Pacific control systems invested 20 Million dollars in WSO2 to own 33pct of WSO2.

Media Contacts:

Company Name: VAMA FZCO
Full Name: Tejas Shah
Phone: +971506539145
Email Address: Send Email
Website: not applicable

For the original news story, please visit https://pressreleasejet.com/news/33pct-owner-of-wso2inframon-founder-of-pacific-control-systems-jailed.html.

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

Powered by Frankly
3514 State St. Erie, PA 16508
Newsroom: (814) 454-8812
Business offices: (814) 454-5201
Share Stories
Submit your stories to our site!
Share Photos
Share your photos in our community galleries
RSS Feeds
All content © Copyright 2000 - 2018 WICU. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.
                   WICU/WSEE - 3514 State Street Erie, PA 16508 - (814) 454-5201 - info@wicu12.com