Singapore legislation
Section 145
Section 145
False statements or reports
A person who, while an officer or the manager of a VCC, the custodian of a VCC (being a non-umbrella VCC) or the custodian of a sub‑fund, with intent to deceive, makes or provides, or knowingly and wilfully authorises or permits the making or providing of, any false or misleading statement or report relating to the affairs of the VCC or sub‑fund (as the case may be), to —
a director, an auditor, a member, the holder of a debenture of the VCC or sub‑fund or a trustee for such holder;
in the case of a VCC that is a subsidiary, an auditor of the holding company,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000 or to imprisonment for a term not exceeding 2 years or to both.