misappropriation of funds

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…