11 Oct 2022
MEGAT ABDUL MUNIR BIN MEGAT ABDULLAH RAFAIE & 96 OTHERS MOHD NASRI BIN ABDUL RAHIM & 18 OTHERS
- Citation
- PA-22NCvC-45-03/2022 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- PA-22NCvC-45-03/2022 (Mahkamah Tinggi)
Judge found plaintiffs proved fraudulent misrepresentations and conspiracy by D1, D2, D3 and D8: RHB documents and TradeSmart account presentations were false, land title extracts were not owned by defendants, D1 admitted non-payment and was an untruthful witness; Loan Agreements had expired and repayment became due; D1,D2,D3 and D8 engaged in fraudulent trading within s.540 Companies Act 2016; accordingly D1,D2,D3,D5,D6 and D8 were held jointly and severally liable to repay RM12,988,685, D1's counterclaim dismissed, corporate veil of D8 lifted in respect of liability, and injunctions adjuste…