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Evergrande Founder Hui Ka Yan Pleads Guilty in China
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Hui Ka Yan, the founder of Evergrande, has pleaded guilty in China. The details surrounding the charges and the potential legal ramifications are currently unclear. Evergrande, once China's second-largest property developer, has been grappling with a massive debt crisis, contributing to broader concerns about the stability of the Chinese economy.Articole despre acest subiect
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China Evergrande’s billionaire boss pleads guilty to fraud
Hui Ka Yan expresses remorse in trial proceedings after collapse of world’s most indebted property developerBusiness live – latest updatesA former steelworker who rose to become one of China’s richest people has pleaded guilty to charges including fundraising fraud after the collapse of Evergrande, the world’s most indebted property developer.The property group’s founder, Hui Ka Yan, “pleaded guilty and expressed remorse” in trial proceedings at a court in China’s southern city of Shenzhen again
Citeste pe The Guardian →Founder of China property giant Evergrande pleads guilty to fraud
Hui Ka Yan's plea comes after three years in detention, while Evergrande's liquidators are battling in court outside mainland China to freeze the offshore assets of the founder and his ex-spouse over billions of US dollars in dividends and remuneration.
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