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Evergrande’s Fall and Hui Ka Yan’s Fate | San Antonio News
Hui Ka Yan, founder of Evergrande, just got a life sentence after being convicted of massive financial fraud — the company faked assets, hid debts, and booked fake revenue, all while drowning in $300 billion in debt. The crackdown on overleveraged developers in 2020 triggered a property market collapse, and now Hui’s sons and top execs face prison too — some up to 18 years. Evergrande’s liquidation sent home prices plummeting 20%+, and once China’s richest man, Hui’s rags-to-riches empire has imploded into one of the nation’s biggest financial scandals. Listen in comfort:Get a discount on a…
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