Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty finesBusiness live - latest updatesThe founder of Evergrande, one of Chinas largest property developers, has been sentenced to life in prison and had all of his personal property confiscated.Hui Ka Yan, 67 and once named by Forbes as Chinas richest man, with a net worth of $42.5bn (£31.2bn) in 2017, pleaded guilty in April to eight charges.
Founder of Chinas Evergrande jailed for life after pleading guilty to fraud
The Guardian - 20 Aug 2026 12:03
Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty finesBusiness live - latest updatesThe founder of Evergrande, one of Chinas largest property developers, has been sentenced to life in prison and had all of his personal property confiscated.Hui Ka Yan, 67 and once named by Forbes as Chinas richest man, with a net worth of $42.5bn (£31.2bn) in 2017, pleaded guilty in April to eight charges.
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