15 investors file suit against MYAirline co-founder Goh


KUALA LUMPUR: Fifteen investors have filed a civil suit against businessman Goh Hwan Hua and four companies over their alleged failure to pay monthly redemption value sums from the investors' outlay of about RM8mil.

However, Goh and the four companies, namely I-Serve Online Mall Sdn Bhd (Isom), Bright Moon Venture PLT, QA Smart Partnership PLT and Trillion Cove Holdings Bhd (TCH) have filed an application to strike out the suit on the basis that the legal action was a nullity and an abuse of court process.

The High Court here will hear the striking out application on Oct 31.

They had also filed their statements of defence last year against the lawsuit brought by the investors – P. Ponnamal, A. Prema, Deborah Ann Rodrigo, YM Che Engku Mahirah Abdullah, Goh Chiang Beng, Alexander Vincent, Gea Ban Thong, Ng Guat Tin, Koh Kock Keang, S. Supramaniam, Harith Abdul Hamid, Ismat Abdul Rauf, Koh Kok Chong, Gea Seok Eng and K. Thangamuthu.

In their statement of claim dated July 21 last year, the 15 plaintiffs claimed that the companies had failed to make the agreed-upon monthly payments from November 2021 to June 2022, despite having sent letters of demand through their solicitors.

The plaintiffs aged between 58 and 74, claimed that Goh as the co-founder and majority shareholder of MYAirline Sdn Bhd and the other four defendants had breached fiduciary duties and should be made personally liable over losses suffered by the investors.

They contended that Goh, in issuing various notices and directives and holding conference calls with them, had made representations over ongoing issues faced by Isom and the impact it would or would not have on the investors' monthly returns.

They further claimed that Isom, TCH, and the other firms were raided by Bank Negara on Nov 11, 2021, and that a freezing order was allegedly issued against the companies.

Thus, the plaintiffs are seeking repayment of the RM8mil subscription price as well as repayment of the owed monthly redemption arrears and 5% annual interest on any awarded judgment sum. – Bernama

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Nation

More than 50 houses in Melaka hit by flash floods
Tamil new year celebration in KL's Little India unites communities
Tamil New Year, Vishu hopes to bring harmonious beginning to life, says Zahid
Raya rush: Traffic from East Coast still congested, easing from north and south
SC, Bursa Malaysia step up monitoring to ensure stability in market amid Middle East developments
KLIA shooting: Suspect's photo sent to all border points, neighbouring country's authorities
Govt closely monitoring Middle East conflict and potential impact on Malaysia, says Anwar
Global community must work towards ending unrest in Middle East, says Anwar
Water load of fun as Bomba livens up Songkran festivities in George Town
Iran-Israel conflict: Preparation for 2024 haj season to go on, says Na'im

Others Also Read