ACT 372
BANKING AND FINANCIAL INSTITUTIONS ACT 1989

PART XI - INVESTIGATION, SEARCH AND SEIZURE



Section 87. Power to examine persons.


(1) Where an investigating officer suspects any person to have committed an offence under this Act, he may, if in his opinion it is reasonably necessary to do so for the purposes of investigation into such offence-

(2) A person to whom an order under paragraph (1) (a) or (b) , or a written notice under paragraph (1) (c) , has been given shall comply with the terms of such order or written notice, as the case may be, and, in particular-

(3) A person to whom an order or a notice is given under subsection (1) shall comply with such notice or order and with the provisions of subsection (2) in relation thereto, notwithstanding the provisions of any written law, whether enacted before or after the commencement of this Act, or of any oath, undertaking or requirement of secrecy, to the contrary, or of any obligation under any contract, agreement or arrangement, whether express or implied, to the contrary.

(4) Where any person discloses any information or produces any property, book, other document, article, or thing, pursuant to subsections (1) and (2) , neither the first mentioned person, nor any other person on whose behalf or direction or as whose agent or employee, the first mentioned person may be acting, shall, on account of such disclosure or production, be liable to any prosecution for any offence under or by virtue of any law, or to any proceeding or claim in any form or of any description by any person under or by virtue of any agreement or arrangement, or otherwise howsoever.

(5) An investigating officer may seize, take possession of and retain for such duration as he deems necessary, any property, book, other document, article or thing produced before him in the course of an investigation under subsection (1) ,or search the person who is being examined by him under paragraph (1) (a) , or who is producing anything to him under paragraph (1) (b) , for ascertaining whether anything relevant to the investigation is concealed, or is otherwise, upon such person.

(6) An examination under paragraph (1) (a) shall be reduced into writing by the investigating officer and shall be read to and signed by the person being examined, and where such person refuses to sign the record, the investigating officer shall endorse thereon under his hand the fact of such refusal and the reasons therefor, if any, stated by the person examined.
[Am. Act A954:s.49]

(7) The record of an examination under paragraph (1) (a) , or a written statement on oath or affirmation made pursuant to paragraph (1) (c) , or any property, book, other document, article or thing produced under paragraph (1) (b) or otherwise in the course of an examination under paragraph (1) (a) or under a written statement on oath or affirmation made pursuant to paragraph (1) (c) , shall, notwithstanding any written law or rule of law to the contrary, be admissible in evidence in any proceedings in any court-

regardless whether such proceedings are against the person who was examined, or who produced the property, book, other document, article or thing, or who made the written statement on oath or affirmation, or against any other person.


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