Protests Target MYAirline Co-Founder Amid Investor Lawsuit
Out-of-pocket investors protested outside the gated residence of Goh Hwan Hua, co-founder of defunct MYAirline, on January 18, demanding criminal charges against him. The protest involved 30 investors, frustrated over ongoing investigations by the Royal Malaysian Police and the Malaysian Anti-Corruption Commission.
While the collapse of MYAirline in October 2023 is unrelated to the protest, Goh faces a civil lawsuit filed in mid-2023. Investors allege that between November 2021 and June 2022, four entities linked to Goh—i-Serve Online Mall Sdn Bhd, Bright Moon Venture PLT, QA Smart Partnership PLT, and Trillion Cove Holdings Bhd—defaulted on MYR8 million (USD1.8 million) in loan repayments.
Goh’s business dealings have faced scrutiny for years. In 2022, Bank Negara Malaysia fined six companies tied to him MYR50 million (USD11.2 million) for illegal deposit-taking and money laundering, penalties that were paid. However, Goh has yet to face criminal charges related to MYAirline or other ventures.
MYAirline, which operated for less than a year, abruptly ceased operations, leaving passengers and stakeholders in the lurch. Although the airline’s failure is not directly linked to the current lawsuit, it has intensified public and investor frustrations with Goh.
The protests underscore growing demands for accountability and transparency as legal proceedings and investigations into Goh’s business activities continue.
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Sources: AirGuide Business airguide.info, bing.com, ch-aviation.com