PART 7Claims by and distributions to creditors
False claims or evidence117
If a creditor produces under rule 116 a statement of claim or documentary evidence of debt or other evidence which is false—
a
the creditor is guilty of an offence unless the creditor shows that the creditor neither knew nor had reason to believe that the statement of claim or documentary evidence of debt or other evidence was false,
b
the institution is guilty of an offence if the institution—
i
knew or became aware that the statement of claim or documentary evidence of debt or other evidence was false,
ii
failed as soon as is reasonably practicable after acquiring such knowledge to report it to the administrator.