Almost five years after Evergrande triggered a property crisis in China, its disgraced founder Hui Ka Yan has been sentenced to life in prison.

A Shenzhen court also levies massive fines against the developer’s main units for systematic fraud

Almost five years after Evergrande triggered a property crisis in China, its disgraced founder Hui Ka Yan has been sentenced to life in prison.

A Chinese court ordered all of Hui Ka Yan's personal property confiscated.