s 111 Offence to destroy, conceal, alter, etc., books
111.—(1) Any person who, with intent to prevent, delay or obstruct the carrying out of any examination or audit under this Division —(a) destroys, conceals or alters any book relating to the business of a holder of a capital markets services licence; or (b) sends, or conspires with any other person to send, out of Singapore, any book or asset of any description belonging to, in the possession of or under the control of a holder of a capital markets services licence, shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $100,000 or to imprisonment for a term not exceeding 2 years or to both. (2) If, in any proceedings for an offence under subsection (1), it is proved that the person charged with the offence —(a) destroyed, concealed or altered any book referred to in subsection (1)(a); or (b) sent, or conspired to send, out of Singapore, any book or asset referred to in subsection (1)(b), the onus of proving that, in so doing, the person did not act with intent to prevent, delay or obstruct the carrying out of an examination and audit under this Division lies on that person.