Singapore legislation
Clause 368
Clause 368
Frauds by officers
Every person who while an officer of a company —
has by deceitful or fraudulent or dishonest means or by means of any other fraud induced any person to give credit to the company;
with intent to defraud creditors of the company, has made or caused to be made any gift or transfer of or charge on, or has caused or connived at the levying of any execution against, the property of the company; or
with intent to defraud creditors of the company, has concealed or removed any part of the property of the company since or within two months before the date of any unsatisfied judgment or order for payment of money obtained against the company,shall be guilty of an offence under this Act and shall be liable on conviction to imprisonment for a term not exceeding three years or to a fine not exceeding seven thousand five hundred dollars or to both such imprisonment and fine.[U.K. s. 330.][Aust. s. 302.]