Section 8(1)(d) in The Karnataka Money-Lenders Act, 1961
(d)that satisfactory evidence has been produced that the applicant or any person responsible or proposed to be responsible for the management of his business of money-lending has,-(i)knowingly participated in or connived at any fraud or dishonesty in the conduct of or in connection with the business of money-lending, or(ii)been found guilty of an offence under Chapter XVII or Chapter XVIII of the Indian Penal Code.