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Chinese court sentences Evergrande founder to life in prison for fraud

Hui Ka Yan, founder of Evergrande, has been sentenced to life in prison following a major fraud conviction by the Shenzhen Intermediate People's Court. The court also imposed hefty fines on Evergrande Group and Evergrande Real Estate, marki...

AP News· Aug 20, 2026 · 8:58 AM · 1 views

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Hui Ka Yan, founder of Evergrande, has been sentenced to life in prison following a major fraud conviction by the Shenzhen Intermediate People's Court. The court also imposed hefty fines on Evergrande Group and Evergrande Real Estate, marking a significant blow to China's real estate sector amidst ongoing crisis.

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#Evergrande #China #fraud #realestate #breakingnews #HuiKaYan #court

Originally reported by AP News. Read the full story →

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