Legal basis: Obtaining loans, bill acceptance, letters of credit, letters of guarantee, etc. in Article 175 of the Criminal Law of People's Republic of China (PRC). Defrauding funds from banks or other financial institutions. Anyone suspected of one of the following circumstances shall be put on file for prosecution: (1) Obtaining loans, bill acceptance, letters of credit, letters of guarantee, etc. By deception, the amount is more than one million yuan; (2) Obtaining loans, bill acceptance, letters of credit, letters of guarantee, etc. By fraudulent means, causing direct economic losses of more than 200,000 yuan to banks or other financial institutions; (3) Obtaining loans, bill acceptance, letters of credit, letters of guarantee, etc. Take fraudulent means for many times, although it does not meet the above-mentioned amount standard; (4) Other circumstances that cause heavy losses to banks or other financial institutions or have other serious circumstances.