Chinese court sentences Evergrande founder Hui Ka Yan to life in prison for large-scale financial fraud and asset misappropriation.

Chinese court sentences Evergrande founder Hui Ka Yan to life in prison for large-scale financial fraud and asset misappropriation.

Hui was fined 47 million yuan ($6.5 million) in 2024 and banned from China's securities markets for life by the China Securities Regulatory Commission over inflating company financial results, among other issues.

Hui was fined 47 million yuan ($6.5 million) in 2024 and banned from China's securities markets for life by the China Securities Regulatory Commission over inflating company financial results, among other issues.

A court in Shenzhen sentenced China Evergrande founder Hui Ka Yan to life in prison and ordered all his personal property confiscated. He pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud, illegally taking public deposits, illegally extending loans, fraudulently issuing securities and bribery.

A Chinese court sentenced Chinese property tycoon Hui Ka Yan to life in prison for financial crimes linked to the collapse of his Evergrande real estate group, once the world's most heavily indeb

The Shenzhen Intermediate People’s Court sentenced Evergrande real estate group’s founder Hui Ka Yan to life in prison for massive financial fraud. In the ruling, the Chinese court also...

A court found that Hui and Evergrande engaged in large-scale financial fraud and committed crimes including misuse of funds, fundraising fraud and illegally taking public deposits.

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