When I was driving to work today, a cyclist crashed into my car. I immediately got off and helped him up. He told me his arm was broken, and wanted 30000. I said, your health is more important and drove him to the hospital. After an x-ray, the doctor said it was an old wound and called the police. Racketeering is a criminal offense, and 30,000 Yuan is a substantial amount. The highest punishment is 10 years behind bars and a fine.Whoever extorts a relatively large amount of public or private property or extorts public or private property many times shall be sentenced to imprisonment of not more than 3 years, criminal detention or control and/or a fine; if the amount involved is huge or there is any other serious circumstance, shall be sentenced to imprisonment of not less than 3 years but not more than 10 year and a fine; or if the amount involved is especially huge or there is any other especially serious circumstance, shall be sentenced to imprisonment of not less than 10 years and a fine.Edgar Choi is a law graduate of the Fudan University. Edgar is the author of 4 Chinese books: Financial Law, Economic Law, Commercial Law and Intellectual Property Law In A Minute, to be published by Tsinghua University Press and one textbook: Business Ethics.
Edgar has been interviewed by Bloomberg and Timeout on China labour law.
Edgar is the legal advisor of International Financial Techonology Academy, World Blockchain and Fintech Foundation and Esports International Group.
Edgar can be contacted by scanning the QR code below, searching WeChat ‘edgarwlchoi’, and by email ‘edgarchoilaw@gmail.com’.
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