What are the investors seeking in the RM8 million lawsuit?

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Investors Seek Repayment of RM8 Million Subscription and Arrears in Lawsuit

Fifteen investors are seeking the repayment of their approximately RM8 million investment, along with outstanding monthly redemption arrears and an annual interest of five per cent on any judgment sum awarded. This legal action has been brought against businessman Goh Hwan Hua and four associated companies: I-Serve Online Mall Sdn Bhd (ISOM), Bright Moon Venture PLT (BMV), QA Smart Partnership PLT (QAS), and Trillion Cove Holdings Bhd (TCH). The High Court has dismissed an application by Goh and the companies to strike out the suit, paving the way for a full trial next year.
Repayment of Initial Investment

The core of the investors' claim centres on the recovery of the initial subscription price, amounting to approximately RM8 million. This sum represents the capital invested by the plaintiffs in the defendants' ventures. The investors allege that the defendants have failed to honour their financial obligations related to this initial outlay.
Recovery of Monthly Redemption Arrears

In addition to the principal investment, the investors are demanding the repayment of monthly redemption arrears. These arrears represent sums that should have been disbursed to the investors on a regular basis as per their agreements. The plaintiffs assert that these payments have been withheld by the defendants, contributing to their financial losses.
Claim for Annual Interest

Furthermore, the investors are seeking a five per cent annual interest on any judgment sum that the court may award. This interest is intended to compensate for the financial loss and the extended period during which the investors have been deprived of their funds and expected returns. The calculation of this interest would commence from the date of the judgment.

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What are the investors seeking in the RM8 million lawsuit?

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