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 wrong...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.