Investors Demand Criminal Charges Against Myairline Co Founder Goh

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Some of the investors outside the gated community in Shah Alam where MYAirline co-founder Goh Hwan Hua lives. (Rajesh Nagarajan pic)PETALING JAYA: A group of about 30 investors who are involved in an ongoing civil suit against MYAirline co-founder Goh Hwan Hua today gathered outside the gated community where he lives to demand that criminal charges be filed against him

Lawyer Rajesh Nagarajan, who represents 15 of the investors, said while Bank Negara Malaysia had taken action against companies linked to Goh for illegal deposit-taking and money laundering in 2022, neither the police nor the Malaysian Anti-Corruption Commission have completed their investigation into the businessman.
Rajesh said Goh should be investigated under Section 420 of the Penal Code for cheating, and Section 137 of the Financial Services Act 2013 for unlicensed deposit-taking.
“We were protesting the delay in charging Goh. BNM took action in 2022, but why is it taking the police and MACC more than three years to charge Goh?” he told FMT after the gathering in Shah Alam.
“He paid the fine handed out by BNM, so that means he admitted to wrongdoing. That money should be given to the investors, not benefit the government.”
In October 2022, BNM imposed a RM50 million compound fine on Goh’s e-commerce company i-Serve Online Mall Sdn Bhd and six other companies linked to it for illegal deposit-taking and money laundering.
The companies reportedly paid the fine the following month.
The Edge reported that Rajesh’s clients are suing Goh and the four companies he controls – i-Serve Online Mall, Bright Moon Venture PLT, Trillion Cove Holdings Bhd, and QA Smart Partnership PLT – for a return of RM8 million of their total investment.
In a suit filed on July 21, 2023, the 15 plaintiffs claimed that at all material times, the four companies were prompt and consistent in their monthly payments of returns.
However, they failed to make the agreed-upon monthly payments from November 2021 to June 2022, despite having been sent letters of demand by the plaintiffs’ solicitors.
Lawyers for Goh and three other companies told the High Court on Nov 13 that the defendants have no case to answer for in deciding not to call witnesses for the defence.
High Court judge Leong Wai Hong has fixed March 14 to hear oral submissions.
Rajesh said that despite notifying the police about today’s assembly, an officer from the Shah Alam police station threatened to arrest him and the others present if the gathering turned disruptive.
“This is uncalled for. The police officer was trying to provoke us (and) disciplinary action should be taken against him,” he said.
“It was a peaceful gathering, we were just holding banners.” - FMT

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