EconomyEvergrande founder Hui Ka Yan sentenced to life in prison
Hui Ka Yan, founder of China’s Evergrande, has been given a life sentence and had his personal assets confiscated after pleading guilty to charges including embezzlement and corporate bribery. A Shenzhen court also fined Evergrande 8.82bn yuan and its property arm 7bn yuan, marking a key moment in the fallout from the developer’s collapse.
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BBC News★★★☆☆2026-08-20 05:07Original
Evergrande founder Hui Ka Yan sentenced to life in prison
Economy