employee self-dealing, an embezzlement crime?

A corporate client approached us recently for advice on a tricky situation as follows:

The company A has been purchasing serveral accessary parts for their machinery. These articles are purchased at inflated prices (say RMB 20) from their original manufacturer. The  procurement department manager (not the general manager of the Company A) found good…

Crime of embezzlement of corporate funds/assets

Embezzlement of corporate property is quite a common crime in work place.

Article 271 of China Criminal Code provides that:

“In cases where a person of a company, enterprise, or any unit, takes over the unit’s property by taking advantage of his office, and the amount involved in quite large, he is to be sentenced to not more than five years of fixed-term…