Supreme People's Court Releases Clear Definition of "Malicious Overdraft"
Published:
2009-12-16
The Supreme People's Court and Supreme People's Procuratorate released a judicial interpretation that clarifies several criminal law articles concerning credit card fraud yesterday. The authorities described the crime of "malicious overdraft" as being a situation in which a card holder, for the purpose of unlawfully possesing overdrafted funds, has refused to repay the money he/she has overdrafted for three months.
Source
China Business News
Google Translation
Source
China Business News
Google Translation
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