套取 (tào qǔ) — (noun) illegal exchange, fraudulent procurement; (verb) to obtain fraudulently, to acquire through deception

Definition

Examples

• 这家公司涉嫌通过虚假交易套取银行贷款。
  Zhè jiā gōng sī shè xián tōng guò xū jiǎ jiāo yì tào qǔ yín háng dài kuǎn.
  This company is suspected of fraudulently obtaining bank loans through fake transactions.
• 调查发现多名官员利用职权套取国家补贴。
  Diào chá fā xiàn duō míng guān yuán lì yòng zhí quán tào qǔ guó jiā bǔ tiē.
  The investigation found that multiple officials used their positions to fraudulently obtain state subsidies.
• 这种套取行为严重破坏了市场秩序。
  Zhè zhǒng tào qǔ xíng wéi yán zhòng pò huài le shì chǎng zhì xù.
  This kind of fraudulent procurement severely disrupted market order.

Origin