Contracts corruption offences

(1) A person who, directly or indirectly, (a) accepts or agrees or offers to accept any advantage from any other person, whether for the benefit of himself or herself or for the benefit of that other person or of another 28 Prevention of Corruption (b) gives or agrees or offers to give to any other person any advantage, whether for the benefit of that other person or for the benefit of another person, (i) in order to improperly influence, in any way (aa) the promotion, execution or procurement of any contract with a public body, private organization, corporate body or any other organization or institution; (bb) the fixing of the price, consideration or other moneys stipulated or otherwise provided for in any such contract; or (ii) as a reward for acting as contemplated in paragraph (a), commits an offence of corrupt activities relating to contracts and is liable on summary conviction to a fine of not less than twenty thousand dollars or to imprisonment for a period of one year or to both fine and imprisonment. (2) Any person who, in order to obtain or retain a contract with a public body or as a term of such contract, directly or indirectly, gives or agrees or offers to give any advantage to any other person, whether for the benefit of that other person or for the benefit of another person, (a) for the purpose of promoting, in any way the election of a candidate or a category or party of candidates to the legislative authority: or Prevention of Corruption 29 (b) with the intent to influence or affect, in any way, the result of an election conducted for the purpose of electing persons to serve as members of the legislative authority, commits an offence and is liable on conviction on indictment to a fine of not less than fifty thousand dollars.