A class action against the founder of insolvent MYAirline (MYM, Kuala Lumpur Subang) is claiming he defrauded 213 people into investing MYR70 million ringgits (USD14.9 million) into corporate entities under the i-Serve group of companies.

The statement of claim, filed on June 25 at the Shah Alam High Court by law firm Jerald Gomez and Associates, alleges Goh Hwan Hua induced investors to deposit the funds between 2018 and 2021, saying their monies would be repaid in full, together with periodic interest payments. “To date, the participants or…

Source: ch aviation
Read more: Founder of Malaysia's MYAirline hit with new lawsuit