Fraudulent Misappropriation of Assets Valued at VND 2.7 Billion: What Is the Prison Sentence?
According to Article 174 of the Criminal Code 2015, regulations on the Crime of Fraudulent Appropriation of Property are as follows:
- Any person who, by fraudulent means, appropriates property of another person valued from VND 2,000,000 to under VND 50,000,000, or under VND 2,000,000 but falls into one of the following cases, shall be subject to non-custodial reform for up to 03 years or imprisonment from 06 months to 03 years:
a) Has been administratively sanctioned for the act of appropriating property but continues to violate;
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- Committing the crime in one of the following cases shall be subject to imprisonment from 12 years to 20 years or life imprisonment:
a) Appropriating property valued at VND 500,000,000 or more;
Thus, according to the regulation, in cases where the crime involves appropriating property valued at VND 500,000,000 or more, the offender shall be subject to imprisonment from 12 years to 20 years or life imprisonment. Therefore, in cases where the crime involves appropriating property valued up to VND 2.7 billion, the offender shall also be subject to the mentioned imprisonment penalties.
In addition, the offender may also be subject to a fine ranging from VND 10,000,000 to VND 100,000,000, prohibition from holding certain positions, prohibition from practicing certain occupations or performing certain jobs for 01 year to 05 years, or confiscation of part or all of the property.
Sincerely!
