Misappropriation of more than 20,000 public funds violated the criminal law and was suspected of misappropriating funds. The crime of misappropriating funds refers to the behavior of employees of companies, enterprises or other units who, taking advantage of their positions, misappropriate the funds of their own units for personal use or lend them to others for use, and the amount is large and has not been paid back for more than three months, or the amount is large although it has not exceeded three months, and they engage in profit-making activities or engage in illegal activities. The subject of this crime must be the staff of commercial banks, stock exchanges, futures exchanges, securities companies, futures brokerage companies, insurance companies or other financial institutions.

The staff of other financial institutions here refer to institutions engaged in financial business such as trust and investment, financial leasing, etc. except commercial banks, stock exchanges, futures exchanges, securities companies, futures brokerage companies and insurance companies, such as the staff of trust and investment companies, financial leasing companies and finance companies. Subjectively, the actor must be intentional, not due to the fault of his work or his inexperience in business. The misappropriated funds are for personal use or lent to others.

legal ground

Criminal law of the people's Republic of China

Article 272 Any employee of a company, enterprise or other unit who, by taking advantage of his position, misappropriates the funds of his unit for personal use or lends them to others, and the amount is relatively large, which has not been paid back for more than three months, or, although it has not been more than three months, the amount is relatively large, and he is engaged in profit-making activities or illegal activities, shall be sentenced to fixed-term imprisonment of not more than three years or criminal detention; Whoever misappropriates a huge amount of funds from his own unit shall be sentenced to fixed-term imprisonment of not less than three years but not more than seven years; If the amount is especially huge, he shall be sentenced to fixed-term imprisonment of not less than seven years. Personnel engaged in public service in state-owned companies, enterprises or other state-owned units and personnel appointed by state-owned companies, enterprises or other state-owned units to engage in public service in non-state-owned companies, enterprises or other units shall be convicted and punished in accordance with the provisions of Article 384 of this Law. Whoever commits the act mentioned in the first paragraph and returns the misappropriated funds before initiating public prosecution may be given a lighter or mitigated punishment. Among them, if the crime is minor, the punishment may be mitigated or exempted.