ACT 125
COMPANIES ACT 1965 (REVISED - 1973)
PART XII - GENERAL
DIVISION 2 - OFFENCES

 
Section 368. Frauds by officers.
 
Every person who while an officer of a company—

    (a) has by deceitful or fraudulent or dishonest means or by means of any other fraud induced any person to give credit to the company;

    (b) with intent to defraud creditors of the company, has made or caused to be made any gift or transfer of or charge on, or has caused or connived at the levying of any execution against, the property of the company; or

    (c) with intent to defraud creditors of the company, has concealed or removed any part of the property of the company since or within two months before the date of any unsatisfied judgment or order for payment of money obtained against the company,

shall be guilty of an offence against this Act.

Penalty: Imprisonment for ten years or two hundred and fifty thousand ringgit or both.