Read the full judgment text of HCA 004370/1990 on BabelCite. This High Court CFI judgment was delivered on 7 October 1992.
1. This is a claim by the plaintiff company against its former managing director, the defendant herein, for the recovery of company funds misappropriated by the defendant during his term of office, or alternatively for money had and received by the defendant for the use of the plaintiff. The trial lasted two days and judgment was pronounced in favour of the plaintiff on 7th October 1992 with reasons reserved. I now hand down reasons for the judgment.