28 Apr 2022
Suruhanjaya Sekuriti Malaysia 1. ) WONG SHEE KAI 2. ) TEH SEW WAN 3. ) WONG SK HOLDINGS SDN. BHD. PENCELAH Suruhanjaya Sekuriti Malaysia
- Citation
- WA-22NCC-171-05/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-171-05/2020 (Mahkamah Tinggi)
The court held that s.179 CMSA falls within the ambit of a "relevant requirement" under s.360 when construed purposively; the SC had established a good arguable case of fraud and could trace substantial pecuniary gains of RM56,074,500 to the Defendants; there was a real risk of dissipation (including post-notice changes in offshore beneficial ownership); s.360(5) exempts the SC from providing an undertaking as to damages; the ex parte order was not vitiated by alleged non-disclosure or initial use of an unaffirmed affidavit; accordingly the SC's interlocutory worldwide freezing application up…