KUALA LUMPUR, Oct 20 — Fifteen investors have filed a civil suit against businessman Goh Hwan Hua and four companies over their alleged failure to pay RM8 million in monthly redemption value sums from the investors’ outlay.
However, Goh and the four companies, including I-Serve Online Mall Sdn Bhd (ISOM), Bright Moon Venture PLT (BMV), QA Smart Partnership PLT (QAS), and Trillion Cove Holdings Bhd (TCH), have applied to strike out the suit on grounds the legal action was a nullity and an abuse of court process.
The High Court will hear their striking application on October 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 to July 21 last year, the plaintiffs claimed the companies 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 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 of ongoing issues ISOM faced 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 Malaysia (BNM) on November 11, 2021 and a freezing order was allegedly issued against the companies.
Thus, the plaintiffs seek the RM8 million repayment in the subscription price and repayment of the owed monthly redemption arrears and five per cent annual interest on any awarded judgment sum.
— Bernama
