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← Insolvency Act 1967

Insolvency Act 1967 s 114

Insolvency Act 1967 s 114

Some sections could not be extracted from the official PDF, so this text may be incomplete.

s 114 Penalty on fraudulently obtaining credit, etc.

(1) Any person who has been adjudged bankrupt shall in each of the cases following be punished with imprisonment, which may extend to one year, or with fine or with both: (a) if in incurring any debt or liability he has obtained credit under false pretences or by means of any other fraud; (b) if he has, with intent to defraud his creditor or any of them, made or caused to be made any gift, delivery or transfer of or any charge on his property or caused or connived at the levying of any execution against his property; (c) if he has, with intent to defraud his creditors or any of them, concealed or removed any part of his property since or within two months before the date of any unsatisfied judgment or order for payment of money obtained against him. (2) A person who having an unsatisfied judgment for a sum exceeding two hundred and fifty ringgit entered up against him obtains credit shall, until the contrary is proved, be deemed to have obtained such credit under false pretences or by means of fraud.

Malay text (authoritative)

Petisyen oleh pemberi pinjam wang

Read this section in the full act → · Open Part VII →

Find Act 360 on lom.agc.gov.my ↗

Text as at 6 October 2023 (LOM reprint); amendments made after that date may not be incorporated.

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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