18 Apr 2025
CHEOW HOCK KEE CHAN YOK LIN
- Citation
- WA-22NCvC-131-03/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCvC-131-03/2021 (Mahkamah Tinggi)
On the evidence the Court found the 28.01.2019 loan agreement valid and binding, the defendant received RM200,000 and admitted only RM40,000 repaid; the outstanding RM160,000 is owing with agreed interest. The 17.04.2018 Sale & Purchase Agreement and related dealings were genuine sale transactions, not a sham security arrangement. The plaintiff successfully rebutted any statutory presumption of being an unlicensed moneylender. Failure to call the intermediary (Mr Liew/Ah Keong) justified an adverse inference against the defendant. Therefore plaintiff's claim for RM160,000 plus 5% p.a. interes…