Section 120: Charge to be imposed on the person who submits false or misleading statement

If any person submits to the Department a false or misleading statement on any matter or the information mentioned in the statement becomes misleading as a result of concealing information of any matter or thing required to be submitted or removing such information from the statement, the following charge shall be imposed on such a person:

a) If it has become false or misleading not knowingly or recklessly but by mistake, fifty percent of the amount less resulted therefrom.

b)If it has become false or misleading knowingly or recklessly, one hundred percent of the amount less resulted therefrom.

Explanation: For purposes of this Section, “statement submitted to the Department” means any statement submitted in writing to the Department or to the officer authorized by the Department in the course of performing the duty pursuant to this Act and includes the statement submitted as follows:

(a) Application, notice, description, complaint, deposition, or other document submitted, prepared, given or furnished pursuant to this Act,

(b) Document submitted to the Department or any officer of the department except under this Act,

(c) Reply to any question asked by the Department or any officer to any person or

(d) Information given by any person who has reasonable knowledge of the matter to be informed to the Department or any officer through any other person.