StanChart - Securities scam
Facts
1992 securities scam - recovery of bank receipts.
Issue
Corporate veil piercing in financial fraud.
Held
Veil can be pierced where the corporate form is used as a façade for fraud.
Ratio
Corporate veil is not absolute; piercing is justified for fraud or evasion of statutory obligations.
Use via API
Free, public REST. Fetch this judgment programmatically.
curl https://api.thynktax.com/v1/tax-law/case-laws?q=StanChart%20-%20Securities%20scam