The Archive · 1936

First Special Court

A.O.B.C, Manager Examined

ations under the charge of breach of confidence wet bby the prosecution against J, Kleffel, formerly vice-president and mana of the defunct American-Oriental king Corporation, when he appeared before the First Special District Court, on Thursday, to answer chaiges of misappropriation, fraud, and breach of confidence," which centred on two sums of money total-Ung $92,000 put into the A.O.B.C, for safe-keeping before it closed, bui Which were alleged to have been transferred to "call deposit" account without their owners' consent. or Knowledge, 'The accused, Mr, Paul ¥, Ruy, Asuistant "Munictpal Advocate, who Conducted the prosecution, told the Judge, in his own Interests, but In utter disregard of the interests of the A.O.BC, had, when he ~as. the manager of that' bank, given loans from the bank to firms and individuals without considering whether. the security for such loans was good oF not, The lack of such guarantees blind contributed to the closing of the bank,

Text read from the printed page and cleaned; old type leaves the occasional error.

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