Legal basis: Article 245 of the Criminal Procedure Law, public security organs, people's procuratorates and people's courts shall properly keep the property and fruits of criminal suspects and defendants that have been sealed up, detained or frozen, and make a list and transfer it with the case. No unit or individual may misappropriate or dispose of it by itself. The lawful property of the victim shall be returned in time. Contraband or articles unsuitable for long-term preservation shall be disposed of in accordance with relevant state regulations.
Article 266 of the Criminal Law stipulates that whoever defrauds public or private property in a relatively large amount shall be sentenced to fixed-term imprisonment of not more than three years, criminal detention or public surveillance, and shall also or only be fined; If the amount is huge or there are other serious circumstances, 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; If the amount is especially huge or there are other especially serious circumstances, he shall be sentenced to fixed-term imprisonment of not less than 10 years or life imprisonment, and shall also be fined or confiscated. Where there are other provisions in this Law, such provisions shall prevail.