ABOU-RAHMAH V ABACHA

[2007] Lloyd's Rep. Plus 1

COURT OF APPEAL

Before Lord Justice Pill Lord Justice Rix, and Lady Justice Arden

Banking – Fraud perpetrated on claimants by third parties – Money paid into bank account by claimants on instruction of fraudsters for purported investments – Bank paying money into fraudsters’ account – Money misappropriated – Liability of bank – Whether bank guilty of knowing assistance – Money had and received – Defence of change of position.