Malaysia legislation
Section 31
Section 31
Examination as to application of moneys lent
(a)
from time to time, make or cause to be made such examination as may be necessary to ensure that the loan is being applied to the purposes for which it was made; and
(b)
require financial statements, in such detail as it may determine, to be submitted by the person, body or authority in receipt of the loan bi-annually, or at shorter intervals at the discretion of the Corporation, and such person, body or authority shall comply with such request.
(2)
The Corporation may authorize in writing any of its officers or any other person to make such examination, and the person, body or authority in receipt of the loan shall produce to such officer or person all the books, documents and other matters and things necessary for the purposes of the examination.
(3)
Any person who fails to comply with subsection (1)(b) or subsection (2) shall be guilty of an offence: Penalty, imprisonment for six months and a fine of one thousand ringgit.
Order of the Corporation upon such examination