Founder of China’s Evergrande jailed for life after pleading guilty to fraud

Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty fines Business live – latest updates The founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison and had all of his personal property confiscated. Hui Ka Yan, 67 and once named b

Evergrande Group, which was the face of Chinese real estate, defaulted in 2021 after struggling to repay creditors.

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

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

Chinese court sentences Evergrande founder to life in prison for fraud  AP News