(1) Any person who acts fraudulently during the discharge of contractual obligations with a public institution, public corporation, professional institution (presumed in law, to be public institution), a company (incorporated by the aforementioned professional institution, or a public institution or a public corporations or a foundation operating within the framework of such institutions or corporation), an association acting in the public interest; or a co-operative shall be sentenced to a penalty of imprisonment for a term of three to seven years.

(2) The following acts are presumed to constitute fraud during the discharge of a contractual obligation:

a) Delivery, or accepting delivery, of goods other than those described within the contract;

b) Delivery, or accepting delivery, of fewer goods than described within the contract;

c) Accepting goods outside the time limit specified in the contract, or the conclusion of the tender, for their delivery.

d) In construction tenders, accepting the completed construction, or material used in such, which does not comply with the conditions, quantity or quality as described within the contract or in the detailed specification of tender;

e) Accepting an obligation of service as having been completely discharged although the service rendered was deficient or contrary to the terms described within the contract or in the detailed specification of tender.

(3) Any person who is under an official duty and gains a benefit through his involvement in fraud during the discharge of contractual obligations shall be additionally sentenced pursuant to the relevant provisions.