Section 385. Fraudulent double sale, etc.

A penalty of a fine or imprisonment for a term not exceeding two years shall be applied to any person who inflicts a loss upon the entitled person or exposes him/her to a loss by taking steps in relation to
  1. a.
    an asset to which another person has received or been promised in exchange for wholly or partially paid compensation, rights of ownership or use, or
  2. b.
    a debt instrument which is wholly or partially redeemed.