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Former Evergrande chairman Xu Jiayin sentenced to life imprisonment for financial crimes
Former China Evergrande Group chairman Xu Jiayin, also known as Hui Ka Yan, was sentenced to life imprisonment in first-instance verdict on Thursday after being convicted of multiple crimes, including illegally absorbing public deposits, fundraising fraud and fraudulent issuance of securities, CCTV News reported.
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caixinglobal.com
China Sentences Evergrande Founder Hui Ka Yan to Life in Prison for Massive Fraud
A Shenzhen court also levies massive fines against the developer’s main units for systematic fraud
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africanews.com
Chinese court sentences founder of troubled property developer Evergrande to life in prison | Africanews
Hui was fined 47 million yuan ($6.5 million) in 2024 and banned from China's securities markets for life by the China Securities Regulatory Commission over inflating company…
