Harsh words regarding Mayban Trustee & KAF Discounts

As for the case against MTB, the learned judge held to the effect

(i) that it was the duty of MTB to see that it had the sole control of the designated accounts,

(ii) that that duty of MTB commenced well before the issuance of bonds on 1.4.2004,

(iii) that MTB being in control of the accounts must be resolved when bonds were issued and bond proceeds were d…