Business

Chinese Businessman Sentenced to Life in Prison

Updated 2026-08-20 11:55 UTC 1 source Negative

Hui Ka Yan, founder of China’s Evergrande, was sentenced to life imprisonment for fraud. He also forfeited his personal property and the company faced hefty fines.

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The Guardian

Founder of China’s Evergrande jailed for life after pleading guilty to fraud

Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty finesBusiness live – latest updates<p

2026-08-20 11:38 UTC