Section 17

Any officer, including any past officer, of the Bank or subsidiary who fails to comply with any requirement of an authorized person under subsection (1) shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding five hundred ringgit for every day during which the default continues.

Without prejudice to subsection (1), the Minister may authorize any person in writing to make an investigation, under conditions of secrecy, of the books, accounts, and transactions of the

Bank or any of its subsidiaries, if he has reason to believe that the

Bank or subsidiary is carrying on its business in a manner detrimental

Bank Kerjasama Rakyat Malaysia Berhad (Special Provision) 19

to the interests of its members or depositors, or does not have sufficient assets to cover its liabilities to the public, or is contravening this Act.

For the purposes of an investigation under subsection (3), the Bank and subsidiary shall afford the authorized person access to its books, accounts, and documents and shall give such information and provide such facilities as he may require to conduct the investigation.

If the Bank or subsidiary fails to comply with subsection (4), it shall be guilty of an offence and shall, on conviction, be liable to a fine not exceeding one thousand ringgit for every day during which the default continues.

Information to Minister