A total of 15 individuals are suing businessperson Goh Hwan Hua and four companies over alleged failure to pay monthly redemption value sums from the plaintiffs’ invested amount of over RM8 million.

However, Goh - who co-founded troubled budget carrier MYAirline - and the four companies have a pending application to strike out the individuals’ writ of summons on grounds that it is purportedly scandalous, frivolous, vexatious, and an abuse of the court process.

According to the 15 investors’ statement of claim...