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Section 47

Amendment of section 50

of Development Financial Institutions (Amendment) Act 2015

Amendment ActIn forceProvision 48 of 120
Section 47

Section 50 of the principal Act is amended by substituting for subsection (2) the following subsection:

“(2)  Any person who commits criminal breach of trust as set out in subsection (1) commits an offence and shall on conviction be liable to imprisonment for a term not exceeding ten years or to a fine not exceeding twice the value of the property which is the subject matter of the breach or fifty million ringgit, whichever is higher, or to both.”.