Section 169 of Indian Penal Code, 1860:
Whoever, being a public servant, and being legally bound as such public servant, not to purchase or bid for certain property, purchases or bids for that property, either in his own name or in the name of another, or jointly, or in shares with others, shall be punished with simple imprisonment for a term which may extend to two years, or with fine, or with both, and the property, if purchased, shall be confiscated.
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Ingredients of Offence:
The essential ingredients of the offence under Section 169 are as follows:
(1) The accused was a public servant;
(2) He was legally bound not to bid for property in question;
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(3) He did purchase or bid for that property;
(4) He did so either in his name or in the name of another or jointly or in shares with others.