Malaysia legislation
Section 25
of SARAWAK TIMBER INDUSTRY DEVELOPMENT CORPORATION ORDINANCE, 1973 ( Ord. No. 3/73 )
Section 25
Any person who—
(a)
obtains a loan or guarantee from the Corporation under the provisions of this Ordinance by means of any false representation;
(b)
wilfully applies any loan made to him by the
Corporation under the provisions of this Ordinance to any purpose other than that for which the loan was made; or
(c)
having obtained the loan or guarantee from the
Corporation under the provisions of the Ordinance wilfully destroys any security given in relation to any such loan, shall be guilty of an offence: Penalty, imprisonment for six months and a fine of one thousand ringgit.
Annual report