health

China's amended criminal law strengthens punishment for bribers, graft in private firms

Font size+Author:Global Grooves news portalSource:business2024-05-22 10:43:44I want to comment(0)

BEIJING, March 1 (Xinhua) -- An amendment to China's criminal law, which strengthens criminal penalt

BEIJING, March 1 (Xinhua) -- An amendment to China's criminal law, which strengthens criminal penalties for offering bribes and corruption in private firms, took effect on Friday. Amendment XII to the Criminal Law adds seven serious offenses related to bribery, such as repeatedly offering bribes and offering bribes to more than one person, among others. According to the amendment, offering bribes to those involved in the country's key work areas, major national projects or programs, as well as those in the fields of organization and personnel affairs, discipline and law enforcement, justice, food and medicine, and education, constitute severe offenses, said Ma Yan of China's Supreme People's Court. Enterprise staffers engaging in the same type of business illegally, profiting unlawfully for friends and relatives, and converting companies' assets to shares at a low price or selling them at a low price for personal gain are now classified as criminal offenses. The Standing Committee of the National People's Congress, China's top legislature, adopted the amendment in December 2023. 

(Editor:Fu Bo)

Related articles
  • Emma Hayes' first roster as coach of the US women's team includes 2 first

    Emma Hayes' first roster as coach of the US women's team includes 2 first

    2024-05-22 10:20

  • Longgupo Site starts fifth stage of excavation in Wushan County, SW China

    Longgupo Site starts fifth stage of excavation in Wushan County, SW China

    2024-05-22 09:52

  • China initiates program to boost employment among college graduates

    China initiates program to boost employment among college graduates

    2024-05-22 08:52

  • Chinese companies set new digging record in tunnelling projects in Nepal

    Chinese companies set new digging record in tunnelling projects in Nepal

    2024-05-22 08:14

Netizen comments