Engaging in Prohibited Business Transactions or Possessing Illegal Pecuniary Interest.
Section 514
SECTION 514. Engaging in Prohibited Business Transactions or Possessing Illegal Pecuniary Interest. - Any local official and any person or persons dealing with him who violate the prohibitions provided in Section 89 of Book I hereof, shall be punished with imprisonment for six (6) months and one (1) day to six (6) years, or a fine of not less than Three thousand pesos (P3,000.00) nor more than Ten thousand pesos (P10,000.00), or both such imprisonment and fine, at the discretion of the court.