What trust relationship did the Court of Appeal say PW13 held for Syed Saddiq?

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The Court of Appeal said PW13 held the RM120,000 in trust for Syed Saddiq
The Court of Appeal stated that PW13 held the RM120,000 in trust for Syed Saddiq. It said this trust relationship applied because the RM120,000 was on transit in the ABBE account, which was used to hold funds intended for Syed Saddiq’s election campaign expenses.
The Court of Appeal’s finding on the RM120,000’s purpose
In its unanimous decision, the Court of Appeal accepted the trial court’s fact-finding that the RM120,000 was meant to finance Syed Saddiq’s election campaign. It treated that purpose as central to how ownership was characterised for the purposes of the case.
The Court of Appeal’s view on who the money belonged to
The Court of Appeal held that, for all intents and purposes, the money belonged to Syed Saddiq rather than to the donors or to ABBE. It pointed out that PW13 testified that the account belonged to ABBE and that the RM120,000 was deposited there, but PW13 did not say the RM120,000 belonged to ABBE.
Why the Court of Appeal described it as a trust
The Court of Appeal concluded that PW13 held the RM120,000 in trust for Syed Saddiq and not for the donors. It said PW13 was accountable to Syed Saddiq because the RM120,000 was on transit in the ABBE account at the time.
The Court of Appeal’s emphasis on PW13’s role
The Court of Appeal noted that PW13 had suggested using the ABBE account to hold the money for use by Syed Saddiq. It also found no evidence showing that the money belonged to ABBE or Armada, even though the ABBE account was used to receive donations linked to Syed Saddiq’s election expenses.

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What trust relationship did the Court of Appeal say PW13 held for Syed Saddiq?

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