China Evergrande Founder Hui Ka Yan Sentenced To Life Imprisonment Over $300 Billion Debt Crisis
Hui Ka Yan, founder of China Evergrande Group, has been sentenced to life in prison by a Chinese court after being convicted of multiple financial offences linked to the property developer’s collapse, Reuters reported. The court also ordered the confiscation of Hui’s personal assets. The billionaire had pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud and…
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