Islamic Banking Act · s 97

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97.
Fraudulent inducement in relation to deposits
Any person who —
(a) makes, publishes or facilitates the making or publication of, any statement, promise or forecast which he knows to be misleading, false or deceptive;
(b) dishonestly conceals any material fact; or

Islamic Banking
(c) recklessly makes or publishes (dishonestly or otherwise), or recklessly facilitates the making or publication (dishonestly or otherwise) of, a statement, promise or forecast which is misleading, false or deceptive, when he makes, publishes or facilitates the making or publication of such statement, promise or forecast or conceals such material fact, for the purpose of inducing, or who is reckless as to whether the same may induce, another person (whether or not it is the person to whom the statement, promise or forecast is made or from whom such material fact is concealed) —
(i) to make or refrain from making a deposit; or
(ii) to enter or refrain from entering into an agreement for the purpose of making a deposit, with him or any other person, is guilty of an offence and liable on conviction to a fine not exceeding $10,000,000, imprisonment for a term not exceeding 10 years or both.

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s 97Fraudulent inducement in relation to deposits

Any person who —

(a)

makes, publishes or facilitates the making or publication of, any statement, promise or forecast which he knows to be misleading, false or deceptive;

(b)

dishonestly conceals any material fact; or

Islamic Banking

(c)

recklessly makes or publishes (dishonestly or otherwise), or recklessly facilitates the making or publication (dishonestly or otherwise) of, a statement, promise or forecast which is misleading, false or deceptive, when he makes, publishes or facilitates the making or publication of such statement, promise or forecast or conceals such material fact, for the purpose of inducing, or who is reckless as to whether the same may induce, another person (whether or not it is the person to whom the statement, promise or forecast is made or from whom such material fact is concealed) —

(i)

to make or refrain from making a deposit; or

(ii)

to enter or refrain from entering into an agreement for the purpose of making a deposit, with him or any other person, is guilty of an offence and liable on conviction to a fine not exceeding $10,000,000, imprisonment for a term not exceeding 10 years or both.