261Officers of companies fraudulently appropriating property, or falsifying accounts

261 Officers of companies fraudulently appropriating property, or falsifying accounts

Any person who –

(a) being a director or officer of a corporation or company, receives or possesses himself as such of any of the property of the corporation or company, and, with intent to defraud, omits either to make a full and true entry thereof in the books and accounts of the corporation or company, or to cause or direct such entry to be made therein; or

(b) being a director or officer, member, or contributory of a corporation or company, with intent to defraud –

(i) destroys, alters, mutilates, or falsifies any book, document, valuable security, or account which belongs to the corporation or company, or any entry in any such book, document, or account, or is privy to any such act; or

(ii) omits or is privy to omitting any material particular from any such book, document, or account –

is guilty of a crime.

Charge:  

(a) Misappropriation as a company officer.

(b) Fraud against a company as an officer [or member] [or contributory].