China yesterday sentenced the founder of embattled property giant Evergrande to life in prison and fined the group more than US$2 billion for offenses including fraud, five years after a high-profile default.Evergrande Group was once the face of Chinese real estate, surfing a decades-long property b

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

Chinese property developer Hui Ka Yan has been sentenced to life in prison. The decision marks a milestone in Evergrande's saga after it collapsed with more than $300 billion in…