Penalties for false statements and representations

If any moneylender, or any manager, agent or clerk of a moneylender, or if any person being a director, manager or other officer of any corporation carrying on the business of a moneylender, by any false, misleading or deceptive statement, representation or promise, or by any dishonest concealment of material facts, fraudulently induces or attempts to induce any person to borrow money or to agree to the terms on which money is or is to be borrowed, he commits an offence, and is liable on summary conviction to imprisonment for a term not exceeding two years, or to a fine not exceeding fifty thousand dollars, or to both such fine and term of imprisonment. 51