Offence for acquisition of private interest in contract, agreement, etc. of public body

(1) Every person who, subject to subsection (2), acquires or holds a private interest in any contract, agreement or investment emanating from or connected with the public body in which he or she is employed or which is made on account of that public body, commits an offence of corrupt activities and is liable on summary conviction to a fine of not less than ten thousand dollars. (2) Subsection (1) does not apply to a person, (a) who acquires or holds such interest as a shareholder of a listed company; (b) whose conditions of employment do not prohibit him or her from acquiring or holding such interest; or (c) in the case of a tender process, a public officer who acquires a contract, agreement or investment through a tender process and whose conditions of employment do not prohibit him from acquiring or holding such interest and who acquires or holds such interest through an independent tender process; or (d) unless the person makes a disclosure of such interest to the relevant public body within thirty days of acquiring or holding such 30 Prevention of Corruption