The Supreme People's Court of China and the Supreme People's Procuratorate in China said that it will continue to increase crimes in the field of private equity funds.
According to the China News Agency, the Supreme People's Court of China and the Supreme People's Procuratorate of China jointly released a typical case of criminal crimes in accordance with the law on Tuesday (December 26).
The "two highs" released five typical cases such as "Su Mouming and others illegally absorbing public deposits", covering common crimes in the field of private equity funds.The case shows that the judicial department has passed the case to supervise the suspects of fund -raising fraud criminals in accordance with the law, actively pursuing stolen goods, and prevent criminals from obtain any economic benefits.
The person in charge of the Fourth Procuratorate of the Supreme People's Procuratorate said that investor protection is the top priority of cracking down on private equity funds in accordance with the law.After chasing the principle of ", through various methods such as" one case and double investigation "of money laundering crimes, commercial bribery criminal clues, etc., it is possible to help investors recover economic losses.
Seeing the next step to strengthen the crackdown on private equity crimes, the relevant person in charge of the "two highs" emphasized that on the one hand, insist on penetrating review and identification ideas, accurately identify "pseudo -private equity"If an illegal fund -raising crime is implemented, criminal liability shall not allow criminals to escape legal sanctions on private equity camouflage.
On the other hand, correctly distinguish between the structure and nature of various private equity products. For hidden methods, the property and funds of private equity funds are invaded and misappropriated the property and funds of private equity funds, the criminal means and legal relationship are accurately identified.The vast number of victims had no help because of the complex financial structure.
