20 Oct 2005
THE OFFICIAL RECEIVER v. PHILIP LEIGH TOSE AND OTHERS
- Citation
- THE OFFICIAL RECEIVER v. PHILIP LEIGH TOSE AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP112/2002
All specific allegations of serious and systemic failures in risk control, credit monitoring, valuation and implementation of audit recommendations were established on the unchallenged Official Receiver and inspector reports; cumulatively these failures fall below acceptable standards of competence and probity for a director and satisfy s168H making the 3rd respondent unfit; a five-year disqualification is appropriate because he did not cooperate with proceedings.