A418
Offences of
fraudulent
inducement and obstruction
Ord. No. 69/88
MONEY LENDERS (AMENDMENT)
(8B) Where a person is charged with an offence under subsection (8A) relating to an advertisement, it shall be a defence for such person to show-
(a) that he carries on the business of issuing or publish- ing or causing to be issued or published advertise- ments;
(b) that he received the advertisement for issuing or publishing or causing to be issued or published in the ordinary course of business; and
(c) that at the time he issued or published or caused to be issued or published the advertisement he believed upon reasonable grounds that the advertisement clearly showed the words "Money Lender's Licence No." immediately followed by the number of the licence of the money lender concerned.";
(e) in subsection (9) by repealing ", or a name or description or expression which might reasonably be held to imply that he carries on banking business"; and
(f) by adding after subsection (9)—
“(10) Any money lender or his partner, employer, em- ployee, principal or agent or any person acting for or in collusion with any money lender who charges, recovers or receives any sum as for or on account of any costs, charges or expenses (other than stamp duties or similar charges) referred to in section 27(3) or demands or receives any remuneration or reward whatsoever from a borrower or intending borrower for or in connection with or preliminary to procuring, nego- tiating or obtaining any loan made or guaranteeing or secur- ing the repayment thereof commits an offence.".
26. Section 30(2) is repealed and the following substituted-
“(2) Any person who—
(a) wilfully obstructs an authorized person in the performance of
his functions under section 28; or
(b) without reasonable cause fails to give an authorized person such assistance or information as he may require in the performance of such functions,
commits an offence.
(3) For the purposes of subsection (2), “authorized person”
means-
(a) the Registrar or any other person authorized by him in
writing under section 28; or
(b) a police officer of or above the rank of superintendent or any other police officer authorized by him in writing under section 28.".
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