212Frauds by officers

212 Frauds by officers

212 Frauds by officers

An officer of a co-operative housing body who—

(a) by false pretence, or by means of another fraud, induces a person to give credit to the body, or

(b) with intent to defraud creditors of the co-operative housing body, makes or causes to be made a gift or transfer of, or charge on, or causes or connives at the levying of any execution against, the body’s property, or

(c) with intent to defraud the body’s creditors, conceals or removes part of the body’s property within 2 months before, or after, the date of any unsatisfied judgment or order for payment of money obtained against the body,

commits an offence.

Maximum penalty—50 penalty units or imprisonment for 12 months, or both.