Evergrande Founder Hui Ka Yan Sentenced to Life in Prison in Historic $300 Billion Collapse.
In the culmination of China’s largest corporate collapse, Hui Ka Yan (Xu Jiayin), billionaire founder and former chairman of property conglomerate China Evergrande Group, has been sentenced to life in prison by the Shenzhen Intermediate People’s Court. The court also levied $2.3 billion in corporate fines across affiliated entities for orchestrating systemic financial fraud. The … Read more