The WLR Daily case summaries
[2009] WLR (D) 277
COMPANY— Fraud— Knowledge of company— Company used as vehicle to procure funds from bank for sham commercial transactions— Bank’s successful action against company and director resulting in company’s insolvency— Company’s claim for damages for auditors’ failure to detect fraud— Whether defence of ex turpi causa available to auditors— Whether defence overridden by fact that fraud relied on “very thing” auditors engaged to prevent