The founder of embattled property behemoth Evergrande and formerly one of China’s richest men was sentenced to life in prison on Thursday, according to state media, the latest chapter of ignominy for a one-time symbol of the nation’s economic boom.

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…

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