1. ) MIGHTY BILLION SDN. BHD. 2. ) MERIDIAN GROWTH SDN.BHD. 3. ) CHEW KIN SUAN v HO CHUNG MENG

wa-22ncvc-398-05-2021 High Court (Mahkamah Tinggi) 21 January 2025 • WA-22NCvC-398-05/2021

Catchwords

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

Practice Areas

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

Judges (1)

Arziah binti Mohamed Apandi Delivered

Parties (4)

MERIDIAN GROWTH Sdn Bhd Plaintiff MIGHTY BILLION Sdn Bhd Plaintiff Chew Kin Suan Plaintiff Ho Chung Meng Defendant

Case Significance

1. ) MIGHTY BILLION SDN. BHD. 2. ) MERIDIAN GROWTH SDN.BHD. 3. ) CHEW KIN SUA... is a High Court (Mahkamah Tinggi) decision dated January 21, 2025 (citation: wa-22ncvc-398-05-2021). The case was decided by Arziah binti Mohamed Apandi.

Key issues: Fraudulent misrepresentation; corporate veil; director's liability; misappropriation; joint venture; company law.

What was the outcome of 1. ) MIGHTY BILLION SDN. BHD. 2. ) MERIDIAN GROWTH SDN.BHD. 3. ) CHEW KIN SUA...?

1. ) MIGHTY BILLION SDN. BHD. 2. ) MERIDIAN GROWTH SDN.BHD. 3. ) CHEW KIN SUA... is a High Court decision dated January 21, 2025. The case was heard by Arziah binti Mohamed Apandi. See the full judgment for details.