Friday, July 05, 2024

More expected to sue MYAirline boss over phony investments

 

FMT:


More expected to sue

MYAirline boss over

phony investments

Faisal Asyraf-

Forty-one disgruntled investors have met with lawyer Jerald Gomez to discuss legal avenues to recover their funds.

6
SHARES
Total Views: 410
allan goh hwan hua
A total of 213 individuals filed a civil suit against MYAirline co-founder Goh Hwan Hua last week in a bid to recover their investments, claiming to be victims of fraud.

KUALA LUMPUR: More investors are expected to sue MYAirline co-founder Goh Hwan Hua in the next two weeks over an allegedly fraudulent investment scheme linked to him.

Forty-one of them met lawyer Jerald Gomez at a hotel in Hartamas yesterday to seek legal advice in response to reports that 213 others had already filed a civil suit against Goh last week.

Gomez later told reporters that thousands were believed to have fallen victim to the scam.

“Many of them did not know about the first suit we filed last Tuesday,” he said after the closed-door meeting.

“When the news surfaced, my office received hundreds of calls from other victims, so some of them were here today to meet in a group as I couldn’t attend to each of them personally,” he added.

Gomez claimed that one of the victims who attended the meeting had lost RM6 million while others had to resort to low-paying jobs, including as despatch clerks, after losing their retirement funds to the scheme.

“There’s also a victim who’s on the verge of suicide because of the suffering,” he said.

Gomez said those who met him had agreed to appoint a representative among them who would then give him instructions on filing the suit, expected within two weeks.

“We will do our best to seek justice for them but I hope the government will step in as this case involves the welfare of the people, too. Authorities are still probing (Goh), but what’s the outcome?” he said.

On Oct 12 last year, MYAirline announced that it had suspended operations due to “severe financial challenges”. It has yet to secure a new investor.

Five days later, Goh and two members of his family were detained to facilitate investigations under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001.

In the same month, 15 investors filed a lawsuit against Goh, seeking the return of more than RM8 million.

In October 2022, Bank Negara Malaysia 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.

No comments:

Post a Comment