Release frozen funds, say investors who won RM8mil case against tycoon
Fifteen investors who won an RM8 million fraud judgment against businessman Goh Hwan Hua have warned that their legal victory could prove hollow unless the authorities release funds to repay them.
Their lawyer, Sachpreetraj Singh Sohanpal, said the group is seeking assistance from the police and Bank Negara Malaysia to release part of Goh’s frozen assets, worth RM118.7 million, to satisfy the court’s order.
“Now that they have obtained judgment in their favour, the next hurdle is recovering the money,” he told FMT after a briefing with the investors today.
He said the investors are appealing to the authorities to release at least RM8 million from the frozen assets, which were seized about two years ago.
“At the very least, the frozen assets should be returned to the investors,” Sachpreetraj said, noting that part of…
