21 Aug 2025
MA JOSEPH CAPITAL SDN BHD 1. ) PANNIRSELVAM A/L MANNAR 2. ) UZINANI BINTI MOHD SANI (kedua-duanya beramal sebagai Tetuan Nurliny, Pannir Mannar & Co, Peguambela & Peguamcara) 3. ) EI KIAN SEONG
- Citation
- B-02(NCvC)(W)-994-06/2024 (Mahkamah Rayuan)
- Court
- NCvC
- Case number
- B-02(NCvC)(W)-994-06/2024 (Mahkamah Rayuan)
Viewing the totality of circumstantial evidence (undisputed deduction pattern consistent with interest, retention of possession, absence of signed LOPs by purchasers, single legal representation, fabrication indicators), the 16 SPAs were sham devices to effect illegal moneylending by unlicensed lenders; under the Moneylenders Act 1951 such agreements are void and unenforceable, the appellant is a protected borrower (not in pari delicto), the High Court was plainly wrong to find transactions genuine, hence appeals are allowed, SPAs declared void and issue of damages remitted to High Court.