KUALA LUMPUR: Fifteen investors have filed a civil suit against businessman Goh Hwan Hua and four companies over their alleged failure to pay monthly ...
: Fifteen investors have filed a civil suit against businessman Goh Hwan Hua and four companies over their alleged failure to pay monthly redemption value sums from the investors’ outlay of about RM8 million.
In their statement of claim dated July 21 last year, the 15 plaintiffs claimed that the companies had failed to make the agreed-upon monthly payments from November 2021 to June 2022, despite having sent letters of demand through their solicitors. They contended that Goh, in issuing various notices and directives and holding conference calls with them, had made representations over ongoing issues faced by ISOM and the impact it would or would not have on the investors’ monthly returns.
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