If a natural person commits the crime of defrauding loans, bill acceptance or financial bills, he shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention and shall also or only be fined; Whoever causes heavy losses to banks or other financial institutions or has other serious circumstances shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years and shall also be fined. If a unit commits the crime of defrauding loans, bill acceptance or financial bills, it shall be fined, and the persons directly in charge and other persons directly responsible shall be punished in accordance with the provisions of this crime committed by natural persons.

legal ground

Criminal law of the people's Republic of China

Article 175 Whoever borrows credit funds from financial institutions for the purpose of lending and lends them to others at a high interest rate, and the illegal income is relatively large, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention, and shall also be fined not less than one time but not more than five times the illegal income; If the amount is huge, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years, and shall also be fined not less than one time but not more than five times the illegal income.

Where a unit commits the crime mentioned in the preceding paragraph, it shall be fined, and the persons who are directly in charge and other persons who are directly responsible shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention.