7 Jan 2022
KHH (PUCHONG) HARDWARE SDN BHD (Company No.: 1000943-D) 1. CHONG CHEE ONN (NRIC No.: 720327-14-5099) 2. CHONG CHEE HOE (NRIC No.: 740508-05-5007) 3. CHONG YEE YIN (NRIC No.: 790218-14-5114) trading as Yin Metal Works Enterprise 4. LEE MEI Y
- Citation
- WA-22NCC-494-10/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-494-10/2020 (Mahkamah Tinggi)
The Court found that pervasive, large and contemporaneous cash withdrawals that systematically depleted CHSSB’s receipts, repeated overdrawing, issuance of a post-dated cheque (No.1636) when the account was irrecoverably short, diversion of customer payments and business to related entities, and the non‑production/destruction of accounts justified an adverse inference; these facts established dishonest intent to defraud creditors and that CCO, CCH, CYY and LMY were knowingly parties to carrying on CHSSB’s business in that fraudulent manner, warranting personal liability under s540 CA 2016 for…