Finally, PECD Dubai is no longer in existence. Dubai Courts have ordered PECD Dubai to be closed down and its office in Qusais is currently sealed. All PECD Dubai asset will be auctioned to pay for the outstanding debts which amounted to millions!
The collection from this auction may not be able to repay those debts. Not sure on any actions by PECD Bhd but it was announced that PECD Dubai to be closed down albeit not through court order!
Another UMNO-linked company was closed down earlier, read HERE.
PECD is an UMNO-linked company with is directly under its treasurer, the famous Azim Zabidi who had lost in the last election. There were series of court cases against PECD since 2006 including charged by its former staff. Read the story of PECD staff detained HERE.
According to some sources, two former PECD employees are still being detained by the Police for two different reasons, one (a Malaysian who claimed he was a datuk) for CBT and another one (an Iraqi) for dishonoured company cheques.
Most other former employees were resigned or sacked or transferred. Some are still not being paid their dues accordingly.