Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on Several Issues concerning the Application of Law in the Handling of Criminal Embezzlement and Bribery Cases (‘Interpretation’)has come into force on April 18 2016
The Amendment (IX) to the Criminal Law (‘Amendment’) has come into force on November 1 2015. In order to highlight the other factors on identifying an embezzlement crime or a bribery crime, and the penalty, the Amendment has stipulates the monetary threshold as ‘a large amount’, ‘a huge amount’ and ‘an extraordinarily huge amount’, instead of a specified amount. But this change has brought a lot difference on the individual cases. Recently, the Supreme People’s Court and the Supreme People’s Procuratorate have jointly released the Interpretation. There are 20 articles, which covers 11 aspects, including the monetary threshold. There are…