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

Explanation using Example

Example 1:

Ramesh is a financial advisor who is legally bound by a contract to manage the investments of his client, Suresh, in a manner that protects Suresh's financial interests. Ramesh, however, knowingly invests Suresh's money in a fraudulent scheme that he is aware is likely to fail. As a result, Suresh suffers a significant financial loss. In this scenario, Ramesh can be charged under Section 418 of the Indian Penal Code for cheating with the knowledge that his actions would cause wrongful loss to Suresh, whose interests he was legally bound to protect.

Example 2:

Anita is a property manager responsible for managing the rental properties of her client, Rajesh. She is legally bound by a contract to ensure that the properties are rented out to reliable tenants and that the rental income is properly collected and accounted for. Anita, however, knowingly rents out one of Rajesh's properties to a tenant who has a history of defaulting on rent payments. As a result, Rajesh suffers a financial loss due to unpaid rent. In this case, Anita can be charged under Section 418 of the Indian Penal Code for cheating with the knowledge that her actions would cause wrongful loss to Rajesh, whose interests she was legally bound to protect.