1. ) MIGHTY BILLION SDN. BHD. 2. ) MERIDIAN GROWTH SDN.BHD. 3. ) CHEW KIN SUAN v HO CHUNG MENG
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Abstract This case involves the Defendant, as sole director of SH Land Sdn Bhd, who fraudulently misrepresented a joint venture development project in Kelantan involving the Sultan to induce the Plaintiffs' RM5 million investment. The court found the Defendant diverted the RM4.5 million loan portion to third parties unrelated to the project. Piercing the corporate veil, the court rejected the Defendant's claims of res judicata from a previous default judgment against the company and ordered him to repay RM4.5 million with 5% interest personally. Keywords Fraudulent misrepresentation; corporate veil; director's liability; misappropriation; joint venture; company law
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Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (wa-22ncvc-398-05-2021)