Court orders Kayveas to surrender shares, Wisma MyPPP to Director General of Insolvency

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KPI, which was appointed to administer MyPPP’s assets following the party’s deregistration on Jan 14, 2019, was sued in its nominal capacity. theSun thesundaily Kayveas WismaMyPPP

: The High Court today ordered former MyPPP president Tan Sri M. Kayveas

Lawyer Gavin Jay Anand Jayapal, representing 12 former MyPPP members as plaintiffs, said the order was made by Judicial Commissioner Ong Chee Kwan after allowing part of his clients’ suit against Kayveas, six other individuals, two companies, including Kayveas Holdings, and KPI for allegedly transferring the building ownership without consent.

“The court also ordered a permanent injunction to be entered to prevent Kayveas, Kayveas Holdings, Chandrakumanan, Ly, and their agents from transferring the shares in Bintang Iradat and Wisma MyPPP, as well as ordered the building to be vacated and handed over to the Director General of Insolvency,“ said the lawyer.

The 12 former MyPPP members, including Datuk Seri Maglin Dennis D’Cruz, filed the suit in 2019 and named Kayveas, Kayveas Holdings, Bintang Iradat, Chandrakumanan, Ly, S. Vijayan, Shanker Kandaswamy, A. Kumara Raja, Lau and KPI as defendants.

 

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