Malaysia legislation
Section 54
Section 54
Offences in respect of loans
(a)
obtains a loan from the Authority or a board under this
Act by means of any false representation;
(b)
wilfully applies any loan made to him by the Authority or a board under this Act to any purpose other than the purpose for which the loan was made;
(c)
having obtained a loan from the Authority or a board under this Act wilfully destroys any security given in relation to any such loan, shall be liable to a fine of five thousand ringgit.
Consent for prosecution