Section 68 - Punishment for concealment or property.

Concealment of corporate property: officers face mandatory imprisonment and fines under insolvency law for covered offences.

Offences by officers of a corporate debtor-including wilful concealment or fraudulent removal of property, destruction or falsification of books, false entries, alteration or omission in documents, creation or disposal of security interests outside the ordinary course, and knowledge of others' commission of such acts-committed within twelve months before or at any time after the insolvency commencement date, or receiving property so secured, attract criminal liability. Such officers are punishable with imprisonment for not less than three years and up to five years, or with fine, or with both, subject to a defence that they lacked intent to defraud or conceal the debtor's affairs.