Read the full judgment text of on BabelCite. was delivered on 12 May 1998.
1. The 1st Defendant was a director and general manager of the Plaintiff. In late 1988 and early 1989, the 1st Defendant alone could withdraw money from the bank accounts of the Plaintiff. On or about 11th February 1989, the 1st Defendant withdrew a sum of $2,282,901.07 from the Plaintiff's bank account opened with the National Commercial Bank Ltd's Kwun Tong branch. It is the Plaintiff's allegation that the 1st Defendant had withdrawn that sum for his own use and had failed to account it to the