Former Pacific Controls CEO faces arrest
International warrant issued against Dilip Rahulan for bounced cheques worth over AED21 million
The former Chairman and CEO of regional ICT solutions firm Pacific Controls, Dilip Rahulan, is now a fugitive.
An international arrest warrant by Dubai Prosecution seeks the arrest of Rahulan after he was sentenced to three years in absentia by Dubai Courts for bounced cheques late last year.
According to documents seen by ITP.net, the order signed by Dubai Prosecution, issued on the 22nd of January this year, seeks to have Rahulan returned to the UAE to serve his sentence for issuing two dud cheques worth AED21, 852,500 to a businessman identified as Shah Vinodchandra.
In a statement to ITP, the complainant Vinodchandra said he wanted to see Rahulan serve prison time. “When Dilip breached my trust, it was like [the] sky [was] falling,” he said, adding, “I lost trust in everything for quite some time.”
Rahulan is believed to be currently residing in the U.S.
The international arrest warrant obliges Interpol to arrest and hand over Rahulan to the UAE authorities. However, for such an order to take effect requires an extradition treaty between the requesting and requested state. There’s currently no extradition treaty between the UAE and the US.
Rahulan was born in India but is a citizen of Australia. The UAE has extradition treaty with both countries.
Rahulan was chairman and CEO of Pacific Controls, which ran into financial headwinds last year after failing to pay off its debts valued at AED 1.4 billion. Last July, the company was reported to be in talks with UAE banks to restructure its debts.
This particular case is different from the debt woes that befell Pacific Controls, as it appears to be a private transaction between Vinodchandra and Rahulan.
Attempts to reach Rahulan through the address listed on the arrest documents were unsuccessful. The current management of Pacific Controls did not respond to requests for comment.