Laws of Malaysia: Act 574

Penal Code Section 421

Dishonest or fraudulent removal or concealment of property to prevent distribution among creditors

421. Whoever dishonestly or fraudulently removes, conceals, or delivers to any person, or transfers or causes to be transferred to any person, without adequate consideration, any property, intending thereby to prevent, or knowing it to be likely that he will thereby prevent, the distribution of that property, according to law, among his creditors or the creditors of any other person, shall be punished with imprisonment for a term which may extend to five years or with fine or with both.

Disclaimer: Although great efforts have been made to make sure the text on this page is accurate at the time of published, sometimes error could occur due to human errors. BurgieLaw will not be liable for direct or indirect losses, arising from any such injury, illness, damage, loss accident, or expense including consequential loss or economic loss however caused.

Please refer to the Attorney General's Chamber of Malaysia's website for the latest law.