Fraud by company officers exposes them to criminal penalty and fines when assets are concealed or transfers defeat creditors. Officers who, before or after an unsatisfied judgment against the company, induce credit by false pretences or other fraud, or who with intent to defraud creditors make or cause gifts, transfers or charges, connive at executions, or conceal or remove company property, commit offences punishable by imprisonment and fine where the company is subsequently wound up by order of the Tribunal.