EconomyEvergrande founder jailed for life after pleading guilty to fraud

Hui Ka Yan, founder of Chinese property developer Evergrande, has been sentenced to life in prison and stripped of all personal property after pleading guilty to eight charges. Evergrande was fined 8.8bn yuan and its property arm 7bn yuan over misconduct tied to the company’s debt crisis.

EvergrandeHui Ka Yanproperty crisisfinancial fraud

TThe Guardian★★★☆☆2026-08-20 11:38Original