China sentences Evergrande founder to life in prison

Hui Ka Yan pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud, illegally taking public deposits and illegally extending loans

The founder of China Evergrande Group, the world's most-indebted property developer, was sentenced to life in prison by a Chinese court on Thursday, five years after the firm's collapse shook the nation's economy and financial markets.

Chinese property developer Hui Ka Yan, founder of the Evergrande real estate group, has been sentenced to life in prison and the companies were fined a total of more than US$2 billion, a court in the southern city of Shenzhen said Thursday.

Chinese property developer Hui Ka Yan, founder of the Evergrande real estate group, has been sentenced to life in prison and the companies fined a total of US$2.3 billion, a court in the southern city of Shenzhen said Thursday.

Chinese court sentences founder of troubled property developer Evergrande to life in prison  AP News

Hui Ka Yan, who had faced eight charges including misuse of funds and illegally taking public deposits, pleaded guilty in April, following China Evergrande's collapse five years ago after a quarter of a century in operation.

Chinese property developer Hui Ka Yan has been sentenced to life in prison. The decision marks a milestone in Evergrande's saga after it collapsed with more than $300 billion in liabilities.

A Chinese court ordered the former billionaire's assets to be confiscated and fined Evergrande-related companies billions of dollars.

Hui Ka Yan’s punishment caps the downfall of a property empire whose collapse set off a prolonged crisis in the Chinese economy.

Evergrande founder Hui Ka Yan sentenced to life in prison  thetimes.com

A Chinese court has sentenced Hui Ka Yan, founder of property developer Evergrande, to life in prison

Evergrande Founder Sentenced to Life in Prison  WSJ

China debt crunchRuling and confiscation of assets cement downfall of former billionaireChina Evergrande Group's then-Chairman Hui Ka Yan attends a news conference on the property developer's annual results in Hong Kong in March 2017. © ReutersLORRETTA CHENAugust 20, 2026 14:27 JSTHONG KONG -- The founder of collapsed

HONG KONG: The billionaire founder of China Evergrande Group, the world's most-indebted property developer, was sentenced to life in prison on Thursday (Aug 20) by a Chinese court, which ordered all his personal property confiscated.Hui Ka Yan pleaded guilty in April to eight charges, including misuse of funds, fundrai

Hui's sentencing marks a key moment in the fallout from Evergrande's collapse, which shook China's property sector.

The Shenzhen Intermediate People’s Court has sentenced Hui Ka Yan, the founder of China’s Evergrande real estate group, to life in prison Thursday for large-scale fraud

Founder Hui Ka Yan faced eight charges including misuse of funds, fundraising fraud and illegally taking public deposits.

China Evergrande founder sentenced to life in prison  Reuters