15 Nov 2024
1. ) GAN BOON WHAT 2. ) PAN SIEW THONG 3. ) PANG YEN SHON 4. ) YOU SIEW CHING 5. ) CHIN GUAT KHIM 6. ) LAI FOOK WENG 7. ) CHAN FOOK HING 8. ) CHAN YOONG YI 9. ) YAU KIM LENG 10. ) LEE PHEY LIN 11. ) LEE CHOY LIN 12. ) CHEONG BEE LENG 13. )
- Citation
- WA-22NCC-585-11/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-585-11/2022 (Mahkamah Tinggi)
On the balance of probabilities the Defendant, through seminars and by appointing Fulda as his marketing agent, made representations (as to profitability and prospects of listing of GT Dollar, Chemopower, Asean Dividend Fund and Fadamas) that were false or recklessly made, which induced the Plaintiffs to invest and caused loss; those activities constituted regulated capital markets activities under CMSA s58 requiring a licence; accordingly Defendant is liable for deceit and must repay the sums invested (in respect of the specified funds/companies), pay interest and costs; lifting the corporat…