Reid employed as Crown Counsel in Hong Kong.
Accepted bribes to obstruct prosecutions.
Bought land with bribe money, which quadrupled in
Reid had a fiduciary duty to the Crown.
Therefore Privy Council decided he held the land
bought using bribes on constructive trust for Crown.
If honest fiduciary makes profit he becomes
constructive trustee of that profit.
Therefore a dishonest fiduciary must also be a
constructive trustee and must not be allowed to profit from his wrongdoing.