Corrupt practices and bribery

(1) Any member, agent or employee of a credit union who corruptly accepts, obtains or attempts to obtain whether for himself or another, any gift or consideration as an inducement or reward for doing or forbearing to do any act relating to the business of the credit union or for showing favour or disfavour to any person in relation to the business of the credit union, and any person who corruptly gives, agrees to give, or offers such gift or consideration to any member, agent or employee of a 74 Credit Unions Act credit union as such inducement or reward, is liable on summary conviction to a fine of not less than ten thousand dollars and to imprisonment for two years and on conviction on indictment to imprisonment for five years. (2) For the purposes of this section, “consideration” includes valuable consideration of any kind.