Read the full judgment text of HCA 477/2015 on BabelCite. This High Court CFI judgment was delivered on 25 June 2015.
1. The plaintiff is a Eucadorean bank and held accounts with several banks in the United States. It claimed to be a victim of cyber fraud, which resulted in 13 alleged unauthorised transfers out of its accounts with banks in the United States. It recovered in whole or in part the funds involved in 5 of those transactions, but a total sum of US$9,235,201.35 was transferred to bank accounts of 4 companies in Hong Kong, ie the 1 st to 4 th defendants, with The Hong Kong and Shangahi Banking Corpo
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