1. ) AHMAD SYAFIQ BIN ABD LATEB 2. ) Sharifah Noorazaliah Binti Sy A Shahabudin [Yang Kesemuanya Membawa Guaman Untuk Pihak Sendiri Sebagai Rakan Kongsi Terhad/pelanggan Dalam Perjanjian Rakan Kongsi Liabiliti Terhad Dan Perjanjian Tawarruq, Dan Juga Untuk Mewakili individu-individu lain yang telah melanggan dalam Perjanjian Rakan Kongsi Liabiliti dan Perjanjian Tawarruq sepertimana yang disenaraikan dalam Lampiran 1 yang dikepilkan bersama Writ ini] v 1. ) EAS MANAGEMENT PLT 2. ) ABU ASWAD B...

ba-22ncc-97-07-2023 High Court (Mahkamah Tinggi) 24 February 2025 • BA-22NCC-97-07/2023 • 26 min read
6 cases cited (0 SG, 6 foreign)

Catchwords

Breach of Tawarrug agreement - class action by subscribers - a case of an alleged conspiracy, fraud and fraudulent misrepresentation by the Defendants for the purpose of misappropriating the Plaintiffs' fund under the pretence of a Shariah Compliance Investment - EAS and RAB had failed to make payments as scheduled in the terms of the agreements - Merely asserting the company does not progress enough to profit was not the foundation reflected in the agreements as consideration between the parties. Defendants cannot now benefit or take advantage of their own wrong - On the balance of probabilities, I find that Defendants committed fraud and fraudulent misrepresentation against the Plaintiffs, and, from the circumstances of the case, I am satisfied that Defendants intended to defraud the Plaintiffs, having full knowledge that no return on the investment would be paid to the Plaintiffs. RAB also failed to establish that any investment effort was made to support their allegations of a promised return on investment as agreed - Plaintiffs' claim was allowed in part.

Judges (1)

Noor Hayati binti Haji Mat Delivered

Counsel (5)

Emir Mahmud & Co. Firm Hanif Harun & Associates Firm Hazlina binti Muhamad Counsel Plaintiff Mohd Nur Farhan bin Abd Rahim Counsel Plaintiff Nur Khairiah Malik Counsel Defendant

Parties (7)

RADIANCE AGROTECH Sdn Bhd Defendant RADIANCE ASSETS BERHAD Defendant Abu Aswad bin Abu Bakar Defendant Ahmad Syafiq bin Abd Lateb Plaintiff Eas Management Plt Defendant Lokmal Hakim bin Yaacob Defendant Sharifah Noorazaliah binti Sy A Shahabudin Plaintiff

Case Significance

1. ) AHMAD SYAFIQ BIN ABD LATEB 2. ) Sharifah Noorazaliah Binti Sy A Shahabud... is a High Court (Mahkamah Tinggi) decision dated February 24, 2025 (citation: ba-22ncc-97-07-2023). The case was decided by Noor Hayati binti Haji Mat.

What was the outcome of 1. ) AHMAD SYAFIQ BIN ABD LATEB 2. ) Sharifah Noorazaliah Binti Sy A Shahabud...?

1. ) AHMAD SYAFIQ BIN ABD LATEB 2. ) Sharifah Noorazaliah Binti Sy A Shahabud... is a High Court decision dated February 24, 2025. The case was heard by Noor Hayati binti Haji Mat. See the full judgment for details.

Statutes Cited

Contracts Act 1950 (Cap 136)
Rules of Court 2012

Cases Cited (6)

UK (1)
[1896] AC 273
MY (5)
[1999] 3 CLJ 231 [2009] 4 MLJ 610 [2010] 7 CLJ 152 [2019] 8 AMR 625 [2020] MLJU 1452

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (ba-22ncc-97-07-2023)