Read the full judgment text of CAAR 000008/1994 on BabelCite. This Court of Appeal judgment was delivered on 15 February 1995.
1. The respondent faced four charges, three were charges of theft and one was a charge of obtaining property by deception. In the first theft charge, it was alleged that between 12th August 1991 and 21st January 1993 the respondent, who was the head of the Securities Department at Magusta Securities Limited, by using the Central Clearing and Settlement System, stole shares valued at $22.65m. He pledged those shares as security to cover trading accounts, which were in various names which he contr