Chinese court sentences founder of troubled property developer Evergrande to life in prison
A Chinese court sentenced Chinese property tycoon Hui Ka Yan to life in prison for financial crimes linked to the collapse of his Evergrande real estate group, once the world's most heavily indebted developer.
Chinese property tycoon Hui Ka Yan has been sentenced to life in prison by a Chinese court. The sentence is for financial crimes connected to the downfall of his Evergrande real estate group. Evergrande was once the most indebted developer globally.
- Hui Ka Yan, founder of Evergrande, sentenced to life in prison.
- Convicted of financial crimes.
- Sentence linked to the collapse of Evergrande.
- Evergrande was formerly the world’s most indebted developer.
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