ADVOKS GLOBAL · KENYA
Prevention of Fraud (Investments) Act
27. General penalty and provisions as to offences
Edition: 2023-12-11 · Not commenced
27. General penalty and provisions as to offences
(1)Any person guilty of an offence under this Act for which no other penalty is provided shall be liable to a fine not exceeding twenty thousand shillings or to imprisonment for a term not exceeding two years or to both such fine and such imprisonment.(2)Where any offence under this Act committed by a corporation is proved to have been committed with the consent or connivance of any director, manager, secretary or other officer of the corporation, he, as well as the corporation, shall be deemed to be guilty of the offence and shall be liable to be proceeded against and punished accordingly.(3)No proceedings for an offence under section 7 or section 17 of this Act shall be instituted except by or with the consent of the Director of Public Prosecutions:Provided that this subsection shall not prevent the arrest, or the issue or execution of a warrant for the arrest, of any person in respect of such offence, or the remanding, in custody or on bail, of any person charged with such an offence, notwithstanding that the necessary consent to the institution of proceedings has not been obtained.