People who possess counterfeit money can face the maximum penalty of life imprisonment or death penalty?
(Baonghean.vn) - My sister and I are debating the prison sentence for the crime of storing counterfeit money. So, can a person who stores counterfeit money face the highest penalty of life imprisonment or the death penalty? - The concern of Ms. Le Thi Linh (Nam Dan, Nghe An).
Answer: Pursuant to Article 207 of the 2015 Penal Code, provisions on criminal prosecution for the crime of making, storing, transporting and circulating counterfeit money are specifically as follows:
1. Anyone who makes, stores, transports or circulates counterfeit money shall be sentenced to imprisonment from 03 to 07 years.
2. Committing a crime in case the counterfeit money has a value equivalent to from VND 5,000,000 to under VND 50,000,000, shall be punished with imprisonment from 05 years to 12 years.
3. Committing a crime in case the counterfeit money has a value equivalent to 50,000,000 VND or more, shall be punished with imprisonment from 10 years to 20 years or life imprisonment.
4. A person who prepares to commit this crime shall be subject to non-custodial reform for up to 03 years or imprisonment from 01 year to 03 years.
5. The offender may also be fined from VND 10,000,000 to VND 100,000,000 or have part or all of his/her property confiscated.
Accordingly, those who possess counterfeit money may face the highest penalty of life imprisonment in cases where the counterfeit money has a value of VND50,000,000 or more.
In addition, the offender may also be fined from 10,000,000 VND to 100,000,000 VND or have part or all of his/her property confiscated.
