MYAirline co-founder is being sued again, by over 200 investors this time

https://www.malaymail.com/news/malaysia/202...dium=Social&utm



KUALA LUMPUR, June 28 — MYAirline Sdn Bhd co-founder Datuk Allan Goh Hwan Hua is being sued again, but from a different set of plaintiffs.

There are 213 people who invested around RM70 million in entities supposedly connected to Goh, news portal The Edge reported yesterday.

His wife, Neow Ean Lee, and 18 entities connected to him will go to court for allegations of fraud, negligence, and breach of trust among others, for allegedly using “his web of intertwined corporate entities” to create schemes to collect deposits from unsuspecting investors.

The 18 entities apparently linked to the bust airline co-founder were; i-Serve Technology and Vacations Sdn Bhd, i-Serve Travels & Tours Sdn Bhd, i-Serve Online Mall Sdn Bhd, MM 2217 Plt, Bright Moon Venture Plt, QA Smart Partnership Plt, Global Wealth Elite Plt, QA Elite Partnership Plt, QA Premium Partnership Plt, Alpha International Venture Plt, QA Advance Partnership Plt, Win Capital Holdings Sdn Bhd, Global Prosperous Plt, Win Capital I Plt, New Visionproven Bhd, Advanced Digital Venture Bhd, Trillion Cove Holdings Bhd and MyAirline Sdn Bhd, according to the daily.

The plaintiffs, through their solicitors Messrs Jerald Gomez & Associate claimed that they were deceived by Goh or his agents to deposit monies in some of these entities between 2018 to 2021, promising that the deposits would be repaid in full, along with returns of investments.

To date, none of the plaintiffs have obtained any capital or interest.

In the suit filed on Tuesday, claimed that they were assured by Goh and his agents that they would be given the interest rate even if the business did not generate any revenue.

The investors asserted that Goh assured them that their deposits were intact following the raid on several companies under Goh’s i-Serve Group by the Bank Negara Malaysia (BNM) in November 2021 and Goh also asked them to sign new agreements to preserve their deposits because BNM ordered the companies to sever all the existing agreements with investors.

Last September, BNM imposed an RM50 million compound against the i-Serve Group for accepting deposits without a licence. The compound has been paid, The Edge reported.

The lawsuit was set for case management at Shah Alam High Court on July 29.

The group of investors are seeking, among others, a court declaration that Goh devised a fraudulent scheme using the entities linked to him and that some of the agreements signed between the investors and the entities were void.

Previously, 15 investors sued Goh and four companies under his control over their alleged failure to pay monthly redemption sums and financing returns from their outlay of about RM8 million which is set to go on trial in October.

On October 12 last year, MYAirline suspended all of its operations citing financial pressures as the reason for the abrupt suspension.

The company said the suspension was needed due to pending shareholder restructuring and recapitalisation for its future stability.

A few days later, Goh, his wife, and son, Goh Tze Han were arrested to facilitate investigations under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001.

this goh fella wont be bothered lah

he still around at his old office area

i just curious… why the victim didn’t tale legal action against the agent ? the more people you involved, the better the wining change.

goh may said he didn’t interact with these investors, may be bad misrepresentation by the agent.

that's why

Brazen fella.

When awarded the license ppl all ringing alarm bells because of his past track record. Scammers usually lie low. This fella flew higher topkek

I give you guys a hint

Same fella

https://www.bharian.com.my/bhplus-old/2015/...auman-allan-goh

son still in LI i think



This post has been edited by JimbeamofNRT: Jun 29 2024, 09:34 AM

I guess choice of school helps

Jho Low prestigious school, made off with billions

This guy abit less

That article about lowyat thing, that is a different Allan Goh lah. Look at the full name. The conman Allan is Goh Hwan Hua, the BH article is different. Scammer Goh was an accountant, and I think from Johor, the Lowyat Allan Goh is from Perak.

https://www.scoop.my/news/211930/empty-prom...dulent-schemes/

https://www.scoop.my/news/211871/213-people...-his-companies/


Scoop has some good stories from the victims.

https://www.freemalaysiatoday.com/category/...ny-investments/

Today news. More victims to come up.
But do also sue the agent to lure you in, make them bundle and liable.

Siapa cepat dia dapat, those that choose to trust his lies never sue, while these 15 investors sued him immediately when BNM raided them. Hopefully the court can force Goh Hwan Hua to sell some of his assest or his children/mistress assests and repay these 15 investors. For the other 200+ investors that sued later, I think got nothing more....

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Investors succeed legal action against MyAirline co-founder Goh, four companies

https://theedgemalaysia.com/node/769743

KUALA LUMPUR (Sept 9): The High Court has ruled in favour of 15 investors who sued MyAirline co-founder Datuk Allan Goh Hwan Hua over the alleged failure to pay to the investors monthly redemption value sums and financing returns from the investors’ outlay of about RM8 million.

High Court judge Leong Wai Hong, who delivered the decision on Tuesday, ruled that the investors had proven their case on the balance of probabilities and ordered the sum of RM7,610,000 and S$170,000 to be paid back to them.

The court also awarded costs of RM100,000 to be paid jointly or severally by Goh, along with defendants i-Serve Online Mall Sdn Bhd (ISOM), Bright Moon Venture PLT (BMV), QA Smart Partnership PLT (QAS), and Trillion Cove Holdings Bhd (TCH).

To be jointly or severally liable means each defendant named under an order is responsible for paying off the debt either individually or as a group. If anyone is unable to pay, the rest must shoulder the burden until the debt is paid.

In the legal action filed in 2022, the investors said that the companies had failed to make the agreed-upon monthly payments from November 2021 to June 2022, despite numerous letters of demand issued.

The investors also noted that the payments to them stopped in November 2021, around the time that Bank Negara Malaysia (BNM) had raided ISOM, TCH, and other companies, and subsequently froze their banking accounts.

The investors say that a failure to make the payments was a breach of agreement, and they are seeking their full investment amount, as well as arrears of the monthly payments. They also claim that Goh had perpetrated fraud by misrepresenting that some of the defendants were legitimate operations.

The plaintiffs claim that Goh is the “controlling mind” of the defendants and cited notices, announcements, and teleconferences organised by or under Goh and ISOM’s instructions regarding investments via BMV, QAS, and TCH.

The defendants had filed an application to strike out the suit on the basis that the legal action was a nullity and an abuse of the court process.

Some defendants contended that the plaintiffs were “statutorily prohibited” from filing the legal action, as the sum demanded was part of the monies seized by BNM under the Anti-Money Laundering Act (AMLA) in late 2021.

However, in December 2023, the High Court had ruled that there were issues in the case that had to be ventilated in a trial, including whether Goh and the companies had committed fraud.

The investors were represented by Rajesh Nagarajan, Sachpreetraj Singh, and Amanda Sonia Mathew. Messrs Mathews Hun Lachimanan is representing Goh in this matter. Messrs Chetan Jethwani & Company are representing ISOM and TCH, while the law firm KP Lu & Tan is acting for BMV and QAS.

https://www.ch-aviation.com/news/158297-mal...repay-investors

While everyone on vacation.

There were good news from the court recently against My airlines, I serve and affiliated companies.
I guess was those first batch investor whom sued them...

I doubt Goh and immediate family already hided themselves somewhere...

And also take note. When the founder "gone".
Investor also can sued their representative and agent for compensation as recovery.
They got high commission to lure people invest into the scheme. And they were not SC and BNM approved...