Evergrande's founder gets life sentence as court accepts fraud plea, with all personal assets seized

Hui Ka Yan, the 67-year-old creator of one of China’s biggest real estate firms, has been handed a lifetime behind bars after admitting to fraudulent activities. The court also ordered the confiscation of his entire personal fortune, while his company faces substantial financial penalties. The ruling marks a dramatic fall for a once-dominant property magnate.

Feed · 20.08.2026

Politics

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