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 a legal contract, to protect, shall be punished with imprisonment for a term which may extend to 35 years, or with fine, or with both.
Section history
Section 418 — Cheating with knowledge that wrongful loss may be thereby caused to a person whose interest the offender is bound to protect
As in force on 1 February 2008.