26 Nov 2020
OOI ENG HOCK MALAYAN BANKING BERHAD
- Citation
- W-02(NCVC)(W)-2309-11/2018 (Mahkamah Rayuan)
- Court
- NCVC
- Case number
- W-02(NCVC)(W)-2309-11/2018 (Mahkamah Rayuan)
The Court of Appeal affirmed the High Court's finding that the appellant breached his contractual duties and duty of care by failing to follow the bank's SOPs, causing the unlawful uplift and transfer of RM3,300,000; the bank's settlement with the customer 'without admission of liability' did not bar its claim against the appellant; the bank reasonably mitigated its loss; appeal dismissed.