New posts on the JSI Shipping case heard by the Court of Appeal will be published shortly on the following blog - http://professionalnegligencesg.blogspot.com/.
This case is a common example of how when fraud occurs, the criminal is either nowhere to be found or often has little left of his ill-gotten gains. The end result is that often innocent parties end up suing other "innocent parties" to recover their losses. In this case, the company which had suffered large losses ended up suing the company auditors for professional negligence in relation to the fraud.
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