Indian Penal Code, 1860
418. Cheating with knowledge that wrongful loss may ensue
to person whose interest offender is bound to protect
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 of either description for a term
which may extend to three years, or with fine, or with both.