Read the full judgment text of HCA 1617/2019 on BabelCite. This High Court CFI judgment was delivered on 20 September 2019.
1. P is a bank. It is its case that as a result of a conspiracy amongst D1 to D7, P has been defrauded into providing banking facilities to the IP Group (which term P uses to denote D1 to D3). The alleged business transactions involved D2 receiving orders for marine bunkers and fuel oils from its customers, and then placing back‑to‑back purchase orders with D6. D2 then paid D6, with the facilities obtained from P, by making payments into a specific account D6 holds with the Bank of China (“ D6’s
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