28 Aug 2020
1. ) 1. PROF. DR. SITI NORMALA BINTI SHEIKH OBID 2. NOORIZAN FADILAH BINTI MD. ZAIN (NRIC No.: 790213-01-6006) 3. NUR KHADIJAH BINTI MD. ZAIN (NRIC No.: 850224-71-5052) 2. ) LEMBAGA PEMEGANG AMANAH KOLEJ ISLAM MALAYSIA 1. ) LEMBAGA PEMEGANG
- Citation
- BA-22NCVC-714-12/2017 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- BA-22NCVC-714-12/2017 (Mahkamah Tinggi)
The court held that the transfer and use of BOT funds for IASB did not comply strictly with the Trust Deed (objects and clause 3 conditions) and were not lawfully authorized by the trustees; the 1st Plaintiff knowingly misrepresented and committed deceit, abused IASB's corporate personality so the veil was pierced, and she is personally liable to account and compensate BOT; the 2nd and 3rd Plaintiffs were not shown to be dishonest or fiduciaries and are not liable.