IPC 418 — Cheating with knowledge that wrongful loss may ensue to person whose interest offender is bound to protect

Indian Penal Code, 1860

Statutory text

Whoever cheats with the knowledge that he is likely thereby to cause wrongful loss to a person  whose interest  in the  transaction to  which  the  cheating relates, he  was  bound  either by  law,  or  by  legal  contract,  to protect, shall be punished with imprisonment of either description for a term which may extend to three years, or with fine, or with both.

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