On 20 Dec. 2023, China’s Supreme People’s Court (SPC) and Supreme People’s Procuratorate (SPP) jointly released “Typical Cases of Lawfully and Strictly Combating Private Fund Crimes” (依法从严打击私募基金犯罪典型案例).
This set consists of five typical cases, covering crimes such as illegal absorption of public deposits, fundraising fraud, embezzlement of funds, duty encroachment, and accepting bribes by non-state officials.
Through these typical cases, the SPC and SPP hope to provide uniform standards for the handling of crimes involving private funds for courts and procuratorates at all levels nationwide. They aim to prevent and resolve major risks and maintain financial security by cracking down on criminal activities conducted under the guise of “private fund” and crimes committed by private fund managers, such as misappropriation and embezzlement of private fund assets.
Photo by Chris Nagahama on Unsplash
Contributors: CJO Staff Contributors Team
