British investors to appeal Malaysian court order to pay RM300k EVEN BEFORE their case is heard

The representatives of the British Victims of Investing in Malaysia (BVIM), FCC, have been ordered to pay security for costs (defendants’ court costs) amounting to RM 300,000 in favour of Doxport Technologies, whose chairman was Dato Azim Zabidi, before their civil suit can be heard in the High Court of Malaysia.

On Friday 21st February 2014, FCC was ordered to deposit the sum with the courts within 14 days of the order.

BVIM strongly believe that this sum is excessively steep and that any security for costs should not stifle or suppress British investors’ claims to be heard in the Malaysian Courts.

British investors intend to lodge an appeal to the court order on Friday 7th March 2014.

Only one charged, the political bigwigs escape

British investors lodged their civil suit against Dato' Seri Abdul Azim Bin Mohd Zabidi, Sivalingam Techinamoorthy, Gurmeet Kaur (d/o Ajmeer Singh) & Doxport Technologies Sdn. Bhd on Wednesday 20th February 2013 at the High Court of Malaya, Kuala Lumpur.

British investors allege Doxport Technologies Sdn. Bhd., solicited funds on a false basis using fraudulent invoices and documents and misappropriated some RM12.8 million in 2008/9.

On 5th December 2013, the Federal Commercial Crime Investigation Department director Datuk Syed Ismail Syed Azizan stated that 'a senior official of Doxport Technologies will be the first person to be charged in relation to British investor’ claims in the criminal investigation against Doxport Technologies and its directors.

Subsequently, on 20th Dec 2013, Doxport Director Sivalingam Thechinamoorthy was charged by the Malaysian Police under Section 409 (criminal breach of trust) & Section 471/465 (falsifying documents) - currently, he is the only one facing any charges from the police investigation.

Notes:

With the support of 15 British MPs, the civil (and criminal) case by the British families revolves around an investment of 2.5m (Pound Sterling) in a Malaysian company called Doxport Technologies Sdn Bhd whose then chairman and director, Dato Azim Zabidi, was an ex-treasurer of the current Malaysian Prime Minister's ruling UMNO political party and whose Managing Director was Sivalingam Thechinamoorthy and his wife, a shareholder and from Doxport Accounts Department, Gurmeet Kaur, who on 26th August 2013 as director of another company called Doxport E-Projects Sdn Bhd, was charged with making a false statement to the Companies Commission of Malaysia (CCM).

For further information outlining the case, please visit: http://www.BritishVictimsofInvestinginMalaysia.org.uk