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Evergrande Founder Hui Ka Yan Pleads Guilty to Fraud in China

Primul articol: 14 apr. 2026, 08:19 | Ultima actualizare: 14 apr. 2026, 08:19 | 1 sursa | 1 articol
#china#fraud#evergrande#propertycrisis

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Hui Ka Yan, the founder of Evergrande Group, has pleaded guilty to fraud. The plea was entered in Shenzhen, China, where the company is based. Evergrande, once China's second-largest property developer, is facing significant financial difficulties and is at the center of China's ongoing property crisis. The specific charges and potential penalties Hui Ka Yan faces have not been fully disclosed.

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Founder of China's Evergrande pleads guilty to fraud Foto: BBC UK
BBC UK English 14 apr. 2026, 08:19 (acum 8 ore)

Founder of China's Evergrande pleads guilty to fraud

Evergrande was once China's biggest real estate firm, with a stock market valuation of more than $50bn.

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