11 Jan 2022
1. ) DATO' P.B ASHOK A/L P.B KRISHNAN PILLAI 2. ) FRANCIS JOSEPH O' NEILL 3. ) WONG TUCK CHEONG 4. ) MONISHA ASHOK PILLAI 1. ) AZRIN FAZRINA BINTI JAMRI 2. ) DATO' SWAMINATHAN A/L S. MAHALINGAM
- Citation
- WA-22NCC-357-08/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-357-08/2020 (Mahkamah Tinggi)
On the balance of probabilities the court found (a) contemporaneous documents and conduct established a trust/nominee relationship such that the 1st Defendant held the 2,700,000 Cyberlynx shares (1,350,000 transferred + 1,350,000 allotted by capitalization) on resulting and constructive trust for the Plaintiffs; (b) the 1st Defendant breached that trust; (c) the 2nd Defendant knew of the trust, made false assurances (Nathan Agreement), fraudulently misrepresented and induced/assisted the breach and used unlawful means causing loss; (d) alleged regulatory/public policy arguments failed — the t…