Article 107 of the Criminal Procedure Law stipulates that when a public security organ or a people's procuratorate discovers a criminal fact or a criminal suspect, it shall file a case for investigation within its jurisdiction.
However, it should be noted that although there is no statute of limitations for fraud, there are requirements for the statute of limitations for prosecution. In other words, only within the statutory limitation of prosecution can criminals be investigated for criminal responsibility according to law.
Extended data:
According to Article 87 of the Criminal Law of People's Republic of China (PRC), crimes that exceed the following time limit shall not be prosecuted:
1. If the statutory maximum penalty is less than five years' imprisonment, the limitation period for prosecution shall be five years.
2. If the statutory maximum penalty is imprisonment of not less than five years 10 year, the limitation period for prosecution is 10 year.
3. If the statutory maximum penalty is fixed-term imprisonment of 10 years or more, the limitation period for prosecution is 15 years.
4. If the statutory maximum punishment is life imprisonment or death penalty, the limitation period for prosecution shall be twenty years. If it is deemed necessary to prosecute after 20 years, it must be reported to the Supreme People's Procuratorate for approval, and it can still be prosecuted.
References:
Baidu Encyclopedia-People's Republic of China (PRC) and China Criminal Law
References:
Baidu Encyclopedia-People's Republic of China (PRC) Criminal Procedure Law