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Evergrande’s Fall and Hui’s Fate | Texas News
Evergrande founder Hui Ka Yan has been sentenced to life in prison after being convicted of orchestrating a massive financial fraud that crippled China’s real estate market. The court found him guilty of inflating assets, hiding debts, and misusing company funds — actions that contributed to Evergrande’s 2021 collapse and triggered a global economic ripple. His sons and top executives also received prison terms for crimes including illegal fundraising and embezzlement. Investigations revealed billions in fabricated revenue, with over $80 billion overstated in just two years. Once China’s…
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