KUALA LUMPUR, Sept. 3 -- The Court of Appeal has set aside findings of fraud and conspiracy against a businessman and property agent in a dispute over a proposed RM52.2 million sale of a 22ha tract of land in Johor.

However, a three-member panel upheld the High Court's findings that no binding sale agreement had been concluded and that businessman J. Siva Kumar had wrongfully lodged a private caveat over the land.

The panel comprising Justices Datuk Azhahari Kamal Ramli, Datuk Ahmad Kamal Shahid and Datuk Ong Chee Kwan delivered its decision in two consolidated appeals arising from the High Court's judgment dated January 22, 2024.

The first appeal was brought by Siva and Ammsa Property Sdn Bhd, while the second was filed by property ag...