Breach of Regulations
22.  If a member commits a breach of any of the provisions of these Regulations or for any purpose connected with these Regulations makes a false representation or furnishes any false information, the Board may require the member —
(a)to refund to his retirement account the payment from the minimum sum together with interest that would have accrued thereto if the payment had not been given; or
(b)to surrender the approved annuity purchased with the minimum sum and refund all the moneys representing the surrender value of the approved annuity to his retirement account together with interest that would have accrued thereto if the withdrawal had not been made.