Moneylenders Act 1951 s 29

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s 29 False statements or representations to induce borrowing an offence

If— (a) a moneylender or employee of the moneylender; (b) any person being a director, general manager, manager or other officer of a company, being a moneylender; (c) any person being a president, vice-president, secretary, treasurer or other officer of a society, being a moneylender; or (d) any person being a partner or member, or other officer of a firm or other body of persons, being a moneylender, by any false, misleading or deceptive statement, representation or promise or, by any dishonest concealment of material facts fraudulently induces or attempts to induce any person to borrow money or to agree to the terms on which money is or is to be borrowed, he shall be guilty of an offence under this Act and shall be liable to imprisonment for a term not exceeding two years or to a fine not exceeding twenty thousand ringgit or to both.

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Find Act 400 on lom.agc.gov.my ↗

Text as at 1 January 2006 (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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