Section 25
of Bank Simpanan Nasional Berhad Act 1997
Section 25
Where it comes to the knowledge of the Bank that any agreement or arrangement as is referred to in section 22 has been effected or is about to be effected in respect of itself, the Bank shall immediately thereupon report the same to the Minister setting out in its report all relevant particulars and details which are then within its knowledge.
(2)
Where the Bank fails to comply with subsection (1), it shall be guilty of an offence and shall on conviction be liable to a fine not exceeding five million ringgit and, in the case of a continuing offence, to a further fine not exceeding five thousand ringgit for each day during which the offence continues after conviction.
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(3)
Where the Bank is guilty of an offence under subsection (2), any person who at the time of the commission of the offence was a person responsible for the Bank shall also be guilty of that offence and shall on conviction be liable to a fine not exceeding five million ringgit or to imprisonment for a term not exceeding five years or to both and, in the case of a continuing offence, to a further fine not exceeding five thousand ringgit for each day during which the offence continues after conviction.