Mr Stojevic is a fraudster. He used the appellant company, (“S&R”) as a vehicle for defrauding banks. The fraud was discovered and both S&R and Mr Stojevic were successfully sued for deceit by the principal victim, Komercni Bank SA (“the Bank”). The respondent, Moore Stephens, were S&R’s auditors. Moore Stephens accept that they owed S&R a duty to exercise reasonable skill and care in carrying out their duties as auditors. They also accept that they ...
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The issue in this appeal is whether a decision made by the appellant, the Director of the Serious Fraud Office, to discontinue a criminal investigation was unlawful. The Queen’s Bench Divisional Court held that it was. That court accordingly quashed the Director’s decision and remitted it to him for reconsideration. In this appeal to the House the Director contends, as he contended below, that the decision was not unlawful. In 2004, as authorised by section 1(3) of the Crimin ...
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