Singapore legislation
Section 143
Section 143
Gambling
Amended by42/2005
(1)
A bankrupt shall be guilty of an offence if he has —
(a)
in the 2 years before the making of the bankruptcy application by or against him, materially contributed to, or increased the extent of, his insolvency by gambling or by rash and hazardous speculations; or
(b)
in the initial period, lost any part of his property by gambling or by rash and hazardous speculations.
Amended by42/2005
(2)
In determining for the purposes of this section whether any speculation was rash and hazardous, the financial position of the bankrupt at the time when he entered into it shall be taken into consideration.