(1) Whosoever being an agent corruptly receives or solicits from any person for himself or for any other person any valuable consideration—
(a) as an inducement or reward for or otherwise on account of doing or forbearing to do or having done or forborne to do any act in relation to his principal's affairs or business; or
(b) the receipt or any expectation of which would in any way tend to influence him to show or to forbear to show favour or disfavour to any person in relation to his principal's affairs or business; or
S. 176(2) amended by Nos 9554 s. 2(2)(Sch. 2 item 53), 9576
s. 11(1), 36/1988 s. 8(a)(i)–(iii), 49/1991
s. 119(1)
(Sch. 2
item 48), 48/1997
s. 60(1)(Sch. 1 item 68).
(2) Whosoever corruptly gives or offers to any agent any valuable consideration—
(a) as an inducement or reward for or otherwise on account of doing or forbearing to do or having done or forborne to do any act in relation to his principal's affairs or business; or
(b) the receipt or any expectation of which would in any way tend to influence him to show or to forbear to show favour or disfavour to any person in relation to his principal's affairs or business—
shall be guilty of an indictable offence, and shall—
be liable if a corporation to a level 5 fine and if any other person to level 5 imprisonment (10 years maximum) or a level 5 fine or both.
No. 6103 s. 177.