If the business personnel of Minchuang Group are suspected of illegally absorbing public deposits, they will be sentenced. According to Article 176 of the Criminal Law, whoever illegally absorbs public deposits or absorbs public deposits in a disguised form, thus disrupting financial order, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, be fined; If the amount is huge or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined; If the amount is especially huge or if there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years and shall also be fined.
Where a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and the other persons who are directly responsible for the crime shall be punished in accordance with the provisions of the preceding paragraph.
Those who have committed the acts mentioned in the preceding two paragraphs and actively return stolen goods and compensation before initiating public prosecution to reduce the occurrence of damage may be given a lighter or mitigated punishment.
Legal basis
Article 176 of the Criminal Law of the People's Republic of China [Crime of illegally taking in public deposits] Whoever illegally takes in public deposits or takes in public deposits in a disguised form, thus disrupting financial order, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also, or shall only, be fined; If the amount is huge or if there are other serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than 10 years and shall also be fined; If the amount is especially huge or if there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years and shall also be fined.
Where a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and the other persons who are directly responsible for the crime shall be punished in accordance with the provisions of the preceding paragraph.
Those who have committed the acts mentioned in the preceding two paragraphs and actively return stolen goods and compensation before initiating public prosecution to reduce the occurrence of damage may be given a lighter or mitigated punishment.