Read the full judgment text of CACV 000067/1991 on BabelCite. This Court of Appeal judgment was delivered on 13 December 1991.
1. The plaintiffs in this matter claim against the defendants for breach of their duty as the plaintiffs' auditors in that they had failed to qualify the annual accounts of Extramoney Ltd (Extramoney) (a wholly owned sub-subsidiary of Carrian Holdings Ltd (CHL)) for the year ended 31st December 1980 by pointing out that there were no documents to support a claim contained in those accounts that Extramoney had made a profit of $101,668,640.10 on the sale of some shares in CHL to one George Tan, a