The richest person in Asia and founder of the real estate company Evergrande, Hui Ka Yan, was sentenced to life in prison by a Chinese court for fraud and bribery, which exacerbated the crisis in China's real estate sector. (translated)

A Chinese court has sentenced the founder of Evergrande, Hui Ka Yan, to life imprisonment and imposed multimillion-dollar fines on the company for financial fraud and illegal practices, amid the real estate crisis affecting China. (translated)


