Evergrande tycoon at the heart of China’s property crisis sentenced to life in prison

CNN: It completes a dramatic downfall for Hui – also known as Xu Jiayin – who emerged from humble origins during a turbulent political era, to climb to the highest levels of influence and wealth.

…Hui and Evergrande Group were found guilty of several charges, including financial fraud; inflating assets and concealing liabilities; illegally absorbing public deposits; fundraising fraud; and illegal disclosure of important information…

Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
×