BANK PEMBANGUNAN MALAYSIA BERHAD v 1. ) Sidqi Ahmad Said Bin Ahmad 2. ) Shailen A/l Popatlal 3. ) Wan Alias Bin Wan Ngah 4. ) Roslina Binti Ibrahim 5. ) Abdul Wahid Bin Abdul Ghani 6. ) Mohd Radzi Bin Mohamed 7. ) Muhammad Shazhakim Bin Shazarul Hisham 8. ) Shaza Arina Binti Shazarul Hisham 9. ) Mustafa Ali Zaminali Sayed 10. ) Wong Chee Keong 11. ) Abd. Hadi Bin Abd. Majid 12. ) Tunku Mazlina Binti Tunku Abd Aziz 13. ) Ranjeet Singh Sidhu 14. ) Noorusa Adah Binti Othman 15. ) PANEAGLE HOLDIN...
wa-22ncc-264-06-2022 High Court (Mahkamah Tinggi) 2 December 2024 • WA-22NCC-264-06/2022 • 56 min read
35 cases cited
(0 SG, 35 foreign)
Catchwords
CIVIL PROCEDURE: Discovery – Third party discovery – Application under Order 24 Rule 7A of Rules of Court 2012 and section 7 of Bankers' Books (Evidence) Act 1949 – Discovery against banks for banking records – Whether discovery necessary for fair disposal of proceedings – Whether temporal gap between loan disbursement and payments precludes discovery – Whether letters of undertaking bar subsequent discovery applications – Whether R&M findings provide sufficient evidentiary foundation – Whether discovery constitutes fishing expedition – Whether scope of documents sought appropriate – Prima facie case of fraud – Asset tracing and preservation BANKING LAW: Banker's books – Inspection and copying of entries – Application under section 7 of Bankers' Books (Evidence) Act 1949 – Definition of banker's books – Purposive interpretation with updating approach – Modern banking products and facilities – Whether ATM cards, online banking and mobile application facilities fall within banker's books – Technological advances in record-keeping FRAUD: Asset tracing – Fraudulent disbursement of loan funds – Misappropriation through fictitious payment vouchers – Discovery to trace movement of funds – Whether payments to third parties constitute fraud – Concealment of true recipients through false documentation – Systematic discrepancies between payment vouchers and actual recipients – Prima facie case of fraud for discovery purposes EQUITY: Proprietary claims – Tracing of misappropriated funds – Equitable right to follow money – Discovery to locate and preserve assets – Real prospect of asset location and preservation – Breach of banking confidentiality justified by fraud – Bankers Trust principle application
Judges (1)
Parties (33)
ALLIANCE BANK MALAYSIA BERHAD Non Party BVS TRINITY Sdn Bhd Defendant Bank Pembangunan Malaysia Berhad Plaintiff CHINA FINANCE LIMITED Defendant HADRON EQUITIES LIMITED (DAHULU DIKENALI SEBAGAI ARAB EMIRATES CAPITAL LIMITED) Defendant MALAYAN BANKING BERHAD Aggrieved Party OPEN FIBRE Sdn Bhd Defendant ORIENT TELECOMS Sdn Bhd Defendant PANEAGLE HOLDINGS BERHAD Defendant PANEAGLE Sdn Bhd Defendant PRIMAWIN LIMITED Defendant SILVER RIDGE HOLDINGS BHD Defendant SILVER RIDGE Sdn Bhd Defendant VCB INVESTMENT BERHAD Defendant ZAVARCO PLC Defendant Abd. Hadi bin Abd. Majid Defendant Abdul Wahid bin Abdul Ghani Defendant Izlin binti Ismail Defendant Mohd Radzi bin Mohamed Defendant Muhammad Radzi bin Mohd Zafer Defendant Muhammad Shazhakim bin Shazarul Hisham Defendant Mustafa Ali Zaminali Sayed Defendant Noorusa Adah binti Othman Defendant Ranjeet Singh Sidhu Defendant Roslina binti Ibrahim Defendant Shailen a/l Popatlal Defendant Shaza Arina binti Shazarul Hisham Defendant Sidqi Ahmad Said bin Ahmad Defendant Tunku Mazlina binti Tunku Abd Aziz Defendant Vcb Malaysia Bhd Defendant Wan Alias bin Wan Ngah Defendant Wong Chee Keong Defendant Zakaria bin Saad Defendant
Statutes Cited
Courts of Judicature Act 1964 (Cap 91)
Rules of Court 2012
Cases Cited (35)
UK (1)
[1892] 2 QB 511
MY (34)
[1988] 3 MLJ 348 [2001] MLJU 638 [2005] 3 CLJ 793 [2008] 1 MLJ 623 [2009] 2 MLJ 672 [2011] 1 CLJ 491 [2011] 1 MLJ 752 [2013] 2 MLJ 915 [2013] 5 MLJ 1 [2013] 6 AMR 613 [2013] 9 CLJ 941 [2014] 1 MLJ 27 [2014] 3 MLJ 672 [2015] 2 CLJ 1062 [2015] 5 MLJ 619 [2015] MLJU 2100 [2016] 3 MLJ 122 [2017] 4 MLJ 21 [2017] 5 MLJ 63 [2017] MLJU 273 [2018] 2 MLJ 133 [2018] MLJU 196 [2020] 12 MLJ 54 [2020] MLJU 1470 [2020] MLJU 554 [2021] 4 MLJ 418 [2021] 5 CLJ 170 [2021] 5 MLJ 688 [2023] 3 MLJ 764 [2023] 6 MLJ 243 [2023] MLJU 63 [2024] 6 MLJ 68 [2024] MLJU 3039 [2025] MLJU 4705
Judgment
Read the full judgment on the official Malaysia Courts portal.
Read on eJudgmentSource: eJudgment (wa-22ncc-264-06-2022)