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'In his oral evidence the Respondent explained that he had realised that no-one would accept that the management, and in particular TK who was the 51% shareholder, had no knowledge of the deficit. Such a position was farcical. It was simply not feasible that TK did
not notice that £1.6 million was missing from the client account; indeed, he was fully aware as he had directed the withdrawal of those monies.' As taken from the judgment on MrClarke.