PALLABH HALDAR 07 February 2022
Refer Section 17 of Indian Contract Act
Even 406 and 420 of IPC even many other sections of IPC can also be referred.
The definition of fraud is wide.
In India many Organisations deal with Fraud so it depends upon the circumstances.
Same goes with Judgement.
Nowadays online Fraud is on rise but even online fraud are of different types.
Advocate Pallabh Haldar
Sudhir Kumar, Advocate (Advocate) 07 February 2022
IPC does not define "fraud"
(i) a wrongful gain (ii) by malafide intention (iii) taking benefit of system error and (iv) taking helpo of negligence of other person.
Ghazala Rahman (advocate) 07 February 2022
Archana Pandey 07 February 2022
A fraud is well explained in under Section 17 of Indian Contract Act which says such activities like false promises, hide truth intentionally, deceive plans, no intention to fulfil the promise. Also, to provoke party to enter into such agreement which aim is to deceive other one.
However, please elobarate which type of fraud you seek to know regarding your question on liability and duty of an innocent person after having knowledge of fraud. Since it's wider concept as fraudulent activities are in more popular in online scams in nowadays. As it will help to share popular case laws then and also it will be easy to mention the actions can be taken on such kind of frauds you are willing to know.
Ghazala Rahman (advocate) 08 February 2022