must be speculation…you think the investor is stupid ah?
MY airlines in bad shape and loss multi million……

if investor come in want to settle all the debts
then why not set up another new airlines is much better?

To be fair.
To allow the license was one big issue.

But the current govn also didn't so quickly response (when I serve been seized and fined, why didn't go to observe the funding and operation of MY airline)? The key shared holder was the same person.
Also they didn't regulate like apply highest compliance standard and due diligent.... were also another problem
Some staffs were not given salary since last August, no EPF contribution..... Why no action and drag burst till October ?

This issue been raised two years ago. Despite we alert....no one was care. Especially the victim think the boss can kaodim....

Now siapa makan chili tau pedas...
Immediately lodge police report, visit BNM, consult with SC...

I think he was the agent, or hard core supporter for iserve and My airline.
Now may be spring pocket was being BBQ.

Big boss ran away, agent leaved behind.
Investor will definitely made police report against them...

Now training to eat nasi Kasi....

https://theedgemalaysia.com/node/686160
Still, the director of MY Airline giving “positive” hope to public that multiple sources want to partnership…
according to the news from the Edge…

it was very similar wayang tactic used by Iserve when they seized by regulator in Nov 2021, they went few rounds of jurisdiction review to give false hope to investors… especially those preference share holders.

Frankly speaking, it is very strange that any reasonable businessman to consider come into partnership with MY Airline

Reason:
a) MY airline’s reputation in the market and industry already gone.
supplier, customer, regulator and staff still trust you？

b) There should be no any remarkable asset, all the planes are not owned. But leased.
instead of asset. MY Airline has many liabilities yet to be burst.
how many capital you still have ? any reasonable person want to throw big money in and get nothing.

c) Backgroud connection with I-serve, BNM just imposed the fine of RM 50 million against them in last September after few jurisdictional review.
https://www.bnm.gov.my/-/ea-pn-20230901
the same key person Allan Goh also hold a big share of MY Airline

so summary, instead of Strategic partner, now no one want to be Tragedy partner.

https://www.freemalaysiatoday.com/amp/categ...o-be-suspended/

according to news today, MY Airlines license been suspended.

https://www.lowyat.net/2023/309172/myairlin...rtedly-resigns/

and Mat Salleh CEO also resign and news said all their 9 planes been chased back by the owner…

Wowow. whole family members detained

https://www.therakyatpost.com/trpbm/2023/10...itahan-direman/

Gaviscon, I think including his wife... 3 people..

Now is the show time for the investors.
Big boss already ditahan. If you want better position for reclaim your money. Then bring all documents (like who deal with you, agreement, transaction etc) proceed yourself to the nearest PDRM Commercial investigation unit.

Because Allan didn't deal directly with you, you properly deal with the agent. Let police settle with the Agent.

Apart big boss. Agent must be damned because they the one misled for the transaction

Two parts against these agents
remark: I heard majority of these agents were from insurance, cash trust, broker, bank officer, real estate and etc which they took advantage of trust from customers.

a. criminal offence
Need to lodge police report at primary action.
This is to indirectly prove your identity and you really been cheated.

studied from the penalty imposed by BNM against I-serve kist last September. victim can take the same action against agent for defaulting payment, collect deposit without license. this is offence under section 137(1) of the FSA.

b. civil offence
after made police report, victim can sue for compensation of loss from the agent. do note misrepresentation, misleading, fraudulent conduct etc would be those key words. victims may engage with a lawyer.
i suggest all victims to take collective action to share the lawyer cost.
example: a victim invested RM 1 million and 2 victims invested RM 500k. they can share the cost by 50:25:25.

take note now is the golden time for victim to take action to safeguard the money as BNM just fined iserve last month and now MYAirlines got problems plus Allan whole family members were detained…it easier for police tondo investigation.

think from other angle, now i serve and my airline almost bankrupt and winding up stage. it prove that their ponzi biz model been failed. if they didn’t misconduct, BNM would not able to impose fine… don’t be surprise they would use dirty technique like govn against innocent Chinese biz man…

This post has been edited by Shining star: Oct 18 2023, 08:24 PM

Eh, I think should also sue the agent whom brought them into I Serve.
Because Allan goh can said didn't know them and have direct integration.

Nope.

Similar for the Ponzi scheme.

But I serve impact is bigger and collected more fund.
If not how they could settle the penalty? As BNM fined them RM 50 mil in last Sept.

Chinese main stream paper also reported this case.
https://www.enanyang.my/%E8%A6%81%E9%97%BB/...%84%95%E5%8D%8E
Do take note what Allan statement (Pending app pending application to strike out )
the individuals’ writ of summons on grounds that it is purportedly scandalous, frivolous, vexatious, and an abuse of the court process.

In layman term, it mean he didn't have any contractual binding / obligation with these 15 individuals.
Because the fact that the contracts were signed between the agents and each individual. It seem that have preplan an exit plan.....

I a bit curios apart the respondants of I-Serve Online Mall私人有限公司（ISOM）、Bright Moon Venture PLT（BMV）、QA Smart Partnership PLT（QAS）和Trillion Cove Holdings Berhad（TCH.

How about ANTS ? i think some victims were capped by them.
http://ants.com.my/
May be next few days, when more victims lodge police report, we would see more news....

https://www.malaymail.com/news/malaysia/202...ing-probe/97858

Allan goh extended reman ended today Monday.
But another man in his 40 stayed in Bangsar been lokap by Police... more and more related people would be lokap....

KUALA LUMPUR, Oct 23 — A Malaysian man in his 40s has been arrested in relation to ongoing investigations against low-cost carrier MYAirline co-founder Datuk Allan Goh Hwan Hua and his family who are suspected of involvement in money laundering offences.

Bukit Aman Commercial Crimes Investigation Department director Datuk Seri Ramli Mohamed Yoosuf said the latest arrest was made at the suspect’s home in Bangsar here earlier this morning.

“The suspect will be taken to the centralised Jinjang lock-up to be remanded.

“Investigations are ongoing pertaining to the review of important documents related to i-Serve’s business transactions,” he said in a statement to the media.

i-Serve or its full name, i-Serve Online Mall Sdn Bhd, is an e-commerce company where Goh is a shareholder.

Bank Negara Malaysia had fined i-Serve and six other companies affiliated with it RM50 million in October last year for illegal deposit-taking and money laundering.

Goh, his 55-year-old wife and 26-year-old son were arrested at their home in Shah Alam, Selangor on October 17 for investigations under the Anti-Money Laundering, Anti-Terrorism Financing, and Proceeds of Unlawful Activities Act 2001.

Police obtained a four-day remand order against them on October 18 but Goh’s wife and son were released last Saturday.

Ramli said Goh will be released on police bail as his remand ends today.

The senior policeman also gave an update on investigations, saying several assets have been seized; among them 12 vehicles from two suspects, six luxury watches, eight luxury handbags, two laptops, a CPU and 10 pieces of jewellery.

Police began investigating MYAirlines after it abruptly announced a suspension of operations at 5.30am on October 12, citing financial problems.

The sudden move stranded thousands of passengers on domestic and regional flights.

On October 16, the budget carrier said refunds to passengers could reach up to an estimated RM22 million, adding that it could only begin reimbursement after it secures new investors.

https://www.thestar.com.my/news/nation/2023...-investigations

CCID Bukit Aman has urge victims and investors go to lodge police report in the nearest police station.
Bring all the transations records, discussion with agent that lure you into the investment. Contracts and etc.
For those preference share holder, you should have your name in SSM. If not... Then is an issue.

The earlier you lodge the report, you have some hope to recover the investment.

It been soared to 73 reports already....
Expecting more and more to come.

https://www.msn.com/en-my/news/national/rep...a186ece3a&ei=15

At the same time.. The mentioned woman suspect worked in an insurance company
https://www.nst.com.my/news/crime-courts/20...erve-investment

We had analyzed before, those heartless "agents" to lure victims into the scam were mainly from Insurance, banker, property agent and etc.
They knew how wealthier of the target, this was the main reason why Iserve offered them and paid them high commission.
Now is the time these agents to be jailed and penalized. This world has Karma.

https://www.nst.com.my/amp/news/crime-court...ports-involving

today news, 115 victims have lodged report for the lost of RM 118 mil.

https://www.nst.com.my/business/corporate/2...-pull-plug-cash

I wondering whether such investor really exist?
Or just a way to keep drag action debtors, water firsh investors that they have good news and revamp back

But you sure investor to pump in RM 50 million just to clear your debt? Then why not set up another new airlines?

Your name already busuk, no more brand value.

I bet next few months occasionally they will release some good news that some potential investor from India, China, US, Europe etc....

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.

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.

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...