Immobilienkrise: Lebenslange Haft für Evergrande-Gründer
Der Zusammenbruch von Evergrande wurde zum Symbol für Chinas Immobilienkrise. Nun verurteilt ein Gericht Gründer Xu Jiayin zu lebenslanger Haft. Auch sein gesamtes Vermögen wird eingezogen.
In a shocking verdict, the founder of the bankrupt Chinese real estate conglomerate Evergrande has been sentenced to life in prison. Xu Jiayin, known internationally as Hui Ka Yan, was found guilty by the Middle People's Court of Shenzhen on eight economic crimes, including fraud in capital raising, issuing fraudulent securities, misappropriation, and bribery.
The court stripped Xu of his political rights and ordered the seizure of his entire personal wealth. During his April trial, Xu pleaded guilty and expressed remorse. Additionally, the court imposed separate fines on two of Evergrande's subsidiaries. Evergrande Group must pay 8.82 billion Yuan, roughly 1.1 billion Euros, while another fine of 7 billion Yuan, approximately 900 million Euros, was imposed on the real estate company Evergrande Real Estate.
According to the court's findings, Xu and the companies continued to falsify financial data from 2016 to 2021, inflating assets and concealing liabilities. Consequently, Evergrande and Xu gained control over financial institutions and illegally acquired credit and insurance funds through bribery.
Written by urgent.news from Handelsblatt's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
