ADVOKS GLOBAL · KENYA
Agricultural Finance Corporation Act
43. Corrupt acts
Edition: 2022-12-31 · Repealed
43. Corrupt acts
(1)If a Director, the General Manager or a member of the staff, or any appraiser, inspector or agent appointed by the Corporation, directly or indirectly receives any fee or reward (other than as authorized by or under this Act) from any person in respect of or in connexion with a loan or an application for a loan, he shall be guilty of an offence and liable to imprisonment for a term not exceeding five years or to a fine not exceeding ten thousand shillings, or to both such imprisonment and such fine.(2)If any person in respect of or in connexion with a loan or an application for a loan, bribes or corruptly influences a Director, the General Manager or a member of the staff, or any appraiser, inspector or agent appointed by the Corporation, he shall be guilty of an offence and liable to imprisonment for a term not exceeding five years or to a fine not exceeding ten thousand shillings, or to both such imprisonment and such fine.(3)Any person who—(a)having a pecuniary interest in any land offered as security for a loan; or(b)being a debtor, creditor, partner or employee of an applicant for a loan or being related to such an applicant within the third degree of affinity or consanguinity,acts as appraiser in connexion with the land offered as security for such loan shall be guilty of an offence and liable to imprisonment for a term not exceeding three years or to a fine not exceeding five thousand shillings, or to both such imprisonment and such fine.