Read the full judgment text of CACC 000512/2000 on BabelCite. This Court of Appeal judgment was delivered on 12 July 2001.
2 The applicant was the individual in Hong Kong responsible for BOTM securities settlement transactions. Settlement instructions to BOTM were initiated by telex from Nikko to that bank, and a copy of each telex settlement instruction was kept by one of the settlement clerks at Nikko for accounting purposes. The accused was responsible for approving settlement instructions to BOTM, and for monitoring the BOTM account on a daily basis, and was required to report any discrepancies in the operation
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