161. Offence to destroy, conceal, alter, etc., records

destroys, conceals or alters any book relating to the business of a licensee; or

sends, or conspires with any other person to send, out of Singapore any book or asset of any description belonging to, in the possession of or under the control of the licensee,shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $50,000 or to imprisonment for a term not exceeding 2 years or to both.

destroyed, concealed or altered any book mentioned in subsection (1)(a); or

sent, or conspired to send, out of Singapore any book or asset mentioned in subsection (1)(b),the onus of proving that, in so doing, the individual did not act with intent to prevent, delay or obstruct the carrying out of an examination or audit under section 158 or 159 lies on the individual.