Former director and shareholder of Stocks and Securities Limited (SSL), Hugh Croskery, has won his bid to have an injunction order with his dealings in SSL removed.

According to court documents, Mr Croskery’s attorneys argued that he was unaware of any fraudulent activities associated with SSL and at all times had acted in good faith.

The attorneys further argued that Mr Croskery had since resigned as a Director and therefore the injunction was in essence redundant notwithstanding his continued shareholdings in the company.

In a ruling handed down on Thursday by a Supreme Court Judge, Stephanie Jackson Haisley, the injunction against Mr Croskery was lifted. The FSC was also ordered to pay Mr Croskery’s legal costs.

On January 25 of this year the Financial Services Commission, FSC, obtained an injunction against Mr Croskery preventing him from dealing with any asset of the company pending a civil suit.

The injunction was also obtained against other directors.