"Having carefully considered the written grounds, the prosecution is of the view that there are questions of law of public interest that have arisen out of the High Court’s decision, including and in particular, whether a director or a member of the governing body of a company or organisation who is entrusted with property, or with any dominion over property, is so entrusted in the way of his business as an agent for the purposes of section 409 of the Penal Code," said the AGC in its statement.
It added: "The prosecution has accordingly filed a Criminal Reference today, to refer these questions of law to the Court of Appeal.
"If the Court of Appeal answers the questions referred in accordance with the prosecution’s submissions, the prosecution intends to request that the Court of Appeal exercises its powers under section 397(5) to reinstate the appellants’ original convictions under section 409 of the Penal Code and make necessary and consequential orders in relation to the sentences given." /cna