China Evergrande founder Hui Ka Yan has been sentenced to life imprisonment after pleading guilty to eight financial crimes, including fraud and bribery. The court also confiscated his personal property and imposed multibillion-yuan fines on Evergrande and Hengda Real Estate. The ruling completes the dramatic downfall of a former Asian billionaire whose debt-fuelled property empire collapsed with liabilities exceeding $300 billion. For more details, watch our story and subscribe to our channel, DRM News.
China Evergrande Founder Hui Ka Yan Sentenced to Life in Prison for Financial Crimes
From Asia’s Richest Man to Life in Prison: Evergrande Founder’s Dramatic Downfall
Evergrande Founder Gets Life Sentence as Court Confiscates All Personal Property
Hui Ka Yan Jailed for Life Over Fraud After Evergrande’s $300 Billion Collapse
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BREAKING: China Evergrande Founder Hui Ka Yan Sentenced to Life in Prison for Financial Crimes |AC1B
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