Evergrande Founder Hui Ka Yan Sentenced to Life Imprisonment for Fraud

The Shenzhen Intermediate People's Court in China has sentenced Hui Ka Yan, the founder of the Evergrande real estate group, to life imprisonment for…

The court also imposed a fine of 8.82 billion yuan (approximately 2.2 billion NZD) on the Evergrande Group and 7 billion yuan (approximately 1.7 billion NZD) on Evergrande Real Estate. Hui Ka Yan pleaded…