How is the crime of falsifying documents in securities offering and listing dossiers handled?
(Baonghean.vn) - According to current criminal law, what is the penalty for falsifying documents in securities offering and listing dossiers? - A matter of concern for Mr. Tran Ngoc Chuyen (Nghi Loc, Nghe An).
Pursuant to Article 212 of the 2015 Penal Code (amended in 2017), the crime of falsifying documents in securities offering and listing dossiers is stipulated as follows:
1. Anyone who falsifies documents in securities offering and listing dossiers, illegally gains from VND 1,000,000,000 to under VND 2,000,000,000 or causes losses to investors from VND 1,500,000,000 to under VND 3,000,000,000, shall be subject to a fine of VND 500,000,000 to VND 2,000,000,000 or imprisonment from 06 months to 03 years.
2. Committing a crime in one of the following cases shall be subject to a fine of from VND 2,000,000,000 to VND 5,000,000,000 or imprisonment from 02 years to 07 years:
a) Illegal profits of VND 2,000,000,000 or more;
b) Causing damage to investors of VND 3,000,000,000 or more;
c) Organized;
d) Dangerous recidivism.
3. The offender may also be fined from VND 50,000,000 to VND 250,000,000, banned from holding positions, practicing a profession or doing certain jobs from 01 to 05 years.
The crime of falsifying documents in securities offering and listing dossiers has two penalty levels, depending on the scale and level of illegal profits, causing losses to investors, the highest fine is 5,000,000,000 VND or imprisonment of up to 07 years.
In addition, offenders who falsify documents in securities offering and listing dossiers may also be fined from VND 50,000,000 to VND 250,000,000, banned from holding positions, practicing a profession or doing certain jobs from 01 to 05 years.
