Where are the two Malayalees who invested 7 765 crore in the Dubai businessman’s company? Sutradhararan held | missing 765 cr in dubai based PCS company alleged mastermind arrested | News18 Kerala, Gulf Latest Malayalam News

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News18 Malayalam

Srinivasan Narasimhan, General Manager, has been arrested in connection with the disappearance of Malayalee businessman Dilip Rahul from Dubai-based Pacific Control Systems (PCS). With this, the disappearance of crores of rupees four years ago is expected to be answered soon. The Malayalees in the case are Bino Chirakkadavu and Siju Mathew.According to reports, Srinivasan Narasimhan was arrested when he went to sell some of his properties in Dubai.

PCS is a technical service provider to government agencies in the UAE. The lawsuit alleges that Srinivasan and three other employees had forged a fake account in the name of the company and used Dilip Rahul’s fake signature checks. A case filed by Dubai Police alleges that between 2012 and 2016, crores were allegedly smuggled into the company’s records and fabricated. Dileep Rahul was sentenced to three years in prison for these checks. Srinivasan, Malayalees Bino Chirakkadavu, Siju Mathew and Jacqueline Chan of the Philippines were sent to the UAE when they were arrested. They were booked after the Dubai police lodged a complaint.

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The investigation revealed that Narasimhan and three others had smuggled the company’s computer hard disks before escaping. With Dileep moving to the US in 2016, the PCS company was in financial crisis. The arrest of Srinivasan Narasimhan, who was on his way back in the case, was on his way to recover the Rs 2890 crore liability company. Srinivasan is said to have several properties in South India including a resort.

“Narasimha can no longer escape the law. A large sum of money is missing from the bank. They are responsible for the company’s heavy debts, ”reports Khaleej Times, quoting an official who did not want to be named. The work was later extended to Dubai. 2010 Established Cloud Service Data Center in the Middle East.

Earlier, Dilip Rahul’s name emerged in connection with the controversial Lav Lynn case. DePaul, who was an officer in the Lavalin company, was in the news as a middleman for financial transactions. In 2006, the CBI found that the second accused in the Lavalin case, Rajasekharan Nair’s son and daughter-in-law, had worked at PCS.


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First published: May 22, 2020





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