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 investors have not been repaid,” said the statement. "The scheme was structured such that while some investors who exited early recouped their deposits, others, like the ones represented by the plaintiffs, wound up with worthless paper debts."

Goh's foray into aviation ended in October 2023, when MYAirline abruptly ceased operations after just ten months of flying. Attempts continue to recapitalise and relaunch the carrier. Goh also has extensive business interests across various sectors and companies, many of which have become mired in controversy.

There are 20 defendants in this lawsuit, including Goh and his wife, Neow Ean Lee. The remaining defendants include i-Serve Technology and Vacation Sdn Bhd; i-Serve Travels & Tours Sdn Bhd; i-Serve Online Mall Sdn Bhd (Isom); MM 2217 PLT; Bright Moon Venture PLT (BMV); QA Smart Partnership PLT; Global Wealth Elite PLT; QA Elite Partnership PLT; QA Premium Partnership PLT; Alpha International Venture PLT; QA Advance Partnership PLT; Win Capital Holdings Sdn Bhd; Global Prosperous PLT; Win Capital I PLT; New Visionproven Bhd; Advanced Digital Venture Bhd; Trillion Cove Holdings Berhad; and MYAirline Sdn Bhd. The lead plaintiff is P Ratnavali Devi.

In 2022, 15 investors sued Goh and four of his companies, Bright Moo Venture, i-Serve Online Mall, Trillion Cove Holdings, and QA Smart Partnership, after they allegedly failed to pay monthly redemptions totalling MYR8 million (USD1.7 million).

Meanwhile, a judge will hand down his decision on August 16 in response to an application by MYAirline to have a MYR17.7 million (USD3.6 million) claim by two Malaysia Airports entities dismissed. MYAirline has argued that the entities should have first utilised a dispute resolution mechanism as outlined in the Malaysian Aviation Commission Act (2015) before filing the lawsuit. Lawyers for Malaysia Airports (Sepang) and Malaysia Airports Sdn Bhd said the dispute resolution mechanisms do not apply in this matter.

The claim says MYAirline owes passenger service and passenger security charges of MYR10,863,471 (USD2.3 million); landing fees of MYR5,445,555 (USD1.16 million); parking fees of MYR176,018 (USD37,334); aerobridge fees of MYR55,760 (USD11,827); check-in counter fees of MYR267,367 (USD56,710); and late payment fees of MYR339,374 (USD71,983).

Of the total MYR17,747,553 (USD3.76 million) claimed, Malaysia Airports (Sepang) is asking for MYR9,111,403 (USD1.93 million), with Malaysia Airports Sdn Bhd claiming the remaining MYR8,636,150 (USD1.83 million). Both parties are also asking for general damages and other costs as deemed appropriate by the court.