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Will illegal business be sentenced for crimes

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Will illegal business be punished for the crime


        

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  • 2024-05-28 15:00:48

    Illegal operation refers to the act of operating without permission and disturbing the normal order of the market in violation of national regulations. Among them, those who engage in the operation of monopolized goods without permission, or illegally operate securities and futures without approval, which constitute a crime, shall be regarded as the crime of illegal operation, and shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also be fined. Those that do not constitute a crime shall be punished according to other relevant laws.

    [Legal Basis]

    Article 225 of the Criminal Law: Whoever, in violation of State regulations, commits one of the following illegal business operations and disturbs market order, if the circumstances are serious, shall be sentenced to fixed-term imprisonment of not more than five years or criminal detention and shall also, or shall only, be fined not less than one time but not more than five times the illegal gains; If the circumstances are especially serious, he shall be sentenced to fixed-term imprisonment of not less than five years and shall also be fined not less than one time but not more than five times the illegal gains or be sentenced to confiscation of property:

    (1) Operating, without permission, goods that are monopolized or sold as prescribed by laws and administrative regulations or other goods that are restricted from trading;

    (2) Buying and selling import and export licenses, import and export certificates of origin, and business licenses or approval documents as required by other laws and administrative regulations;

    (3) Illegal operation of securities, futures and insurance business without approval of the relevant competent department of the State, or illegal operation of fund payment and settlement business;

    (4) Other illegal business activities that seriously disrupt the market order.

    M***

    2024-05-28 15:00:48

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