Malaysia legislation
Section 38
Section 38
(a)
obtains a loan from the Perbadanan under the provisions of this Act by means of any false representation;
(b)
wilfully applies any loan made to him by the Perbadanan under the provisions of this Act to any purpose other than the purpose for which the loan was made;
(c)
having obtained a loan from the Perbadanan under the provisions of this Act, wilfully destroys any security given in relation to any such loan, shall be guilty of an offence and shall be liable on conviction to imprisonment for a term not exceeding two years or to a fine of five thousand dollars or to both.
(2)
Any person who contravenes the provisions of paragraph 6 (1) (b) or paragraph 6 (2) of the Third Schedule to this Act shall be guilty of an offence and shall be liable on conviction to a fine not exceeding one thousand dollars.