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Is it fraud to privately engrave someone else’s company seal, sign an IOU, and then partially fulfill the loan and then not repay the money?

Legal Subjectivity:

Yes. It mainly depends on the purpose of engraving the official seal privately. If the official seal is engraving privately for a loan, it should be considered as one of the means of fraud. Using the official seal privately to defraud money may be suspected of loan fraud. Anyone who forges, alters, buys or sells official documents, certificates, or seals of a state agency shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention, public surveillance, or deprivation of political power. rights, and shall also be fined; if the circumstances are serious, he shall be sentenced to fixed-term imprisonment of not less than three years but not more than ten years, and shall also be fined. Anyone who forges the seal of a company, enterprise, institution, or people's organization shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention, public surveillance, or deprivation of political rights, and shall also be fined.