Life Sentence for Evergrande Founder Hui Ka Yan Following Massive Financial Fraud

By Associated Press · Fast Company · 2026-08-20

According to reporting from Fast Company, a Chinese court has handed a life sentence to the founder of Evergrande for orchestrating a colossal scheme to hide liabilities and inflate assets. The Shenzhen Intermediate People’s Court convicted the 67-year-old tycoon of large-scale f

According to reporting from Fast Company, a Chinese court has handed a life sentence to the founder of Evergrande for orchestrating a colossal scheme to hide liabilities and inflate assets. The Shenzhen Intermediate People’s Court convicted the 67-year-old tycoon of large-scale f