The Shenzhen court sentenced Xu Jiayin, the former billionaire and founder of the real estate developer Evergrande, to life in prison for fraud and embezzlement, marking a severe blow to the already weakened Chinese real estate sector by the bankruptcy of his company in 2021. (translated)
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)
The founder of Evergrande, Xu Jiayin, has been sentenced to life in prison for multiple offenses related to the company's collapse, joining the list of high-level executives imprisoned for their responsibility in financial crises, including Bernard Madoff and Allen Stanford, who were also severely punished for their frauds. (translated)
The founder of the bankrupt real estate giant Evergrande, Hui Ka Yan, has been sentenced to life imprisonment for fraud, bribery, and embezzlement by a Chinese court, and all of his personal belongings are being confiscated. (translated)
Life imprisonment for the founder of the real estate giant Evergrande, the face of the brick crisis in China (translated)
The founder of Evergrande, Xu Jiayin, has been sentenced to life in prison for large-scale tax fraud, and his group has been fined nearly two billion euros, also resulting in the confiscation of his personal assets and the loss of his civil rights for life. (translated)
Der Gründer des zusammengebrochenen chinesischen Immobilienkonzerns Evergrand ist zu lebenslanger Haft verurteilt worden. Ihm wurde Veruntreuung , Bestechung und Betrug vorgeworfen. In China gehen Verantwortliche dafür in den Knast. In Deutschland werden sie für Managementversagen mit einer fetten Abfindung in den Urlaub geschickt. #Evergrande #Wirtschaft #Korruption
Hui Ka Yan, founder of the real estate company Evergrande, was sentenced to life in prison in China for crimes related to financial fraud, along with million-dollar fines for the company, highlighting the severity of the crisis in the country's real estate sector. (translated)
Xu Jiayin, the founder and CEO of the Evergrande real estate group, has been sentenced to life in prison in China. The fall of Evergrande has created a major real estate crisis that is still being felt today. At 64, Xu Jiayin represents a generation that emerged from Maoism and which 1/7 (translated)
The founder of the struggling Chinese construction company Evergrande, Xu Jiayin, was sentenced to life in prison by a court in Shenzhen and found guilty of economic crimes such as fraud and embezzlement, while 56 other individuals from his circle were also sentenced to prison terms. (translated)
Xu Jiayin, founder of Evergrande and once the richest man in China, has been sentenced to life in prison for financial fraud and illegal fundraising, while his company has been fined nearly 2 billion dollars, marking the dramatic fall of a real estate giant symbolizing the growing Chinese economic crisis. (translated)
Xu Jiayin, the founder of the insolvent real estate company Evergrande, has been sentenced to life imprisonment in China for fraud, corruption, and other serious financial offenses, along with several former employees. (translated)
The founder of Evergrande, Xu Jiayin, has been sentenced to life imprisonment and ordered to return all his assets after being convicted of multiple financial crimes, in a case that reflects the deep real estate crisis in China, where the company faces debts of 330 billion dollars. (translated)
The founder of Evergrande, Xu Jiayin, has been sentenced to life in prison and ordered to pay fines totaling approximately $2.35 billion for a series of financial frauds that led the company to declare bankruptcy in 2023. (translated)
A Chinese court sentenced Xu Jiayin, the founder of Evergrande Group, to life in prison for financial crimes that contributed to the company's collapse and the debt crisis in China, with debts exceeding $330 billion. (translated)
Xu Jiayin, founder of Evergrande and a symbol of the Chinese real estate boom, has been sentenced to life in prison for multiple financial crimes following the collapse of his empire, bringing an end to a story that reflects the dizzying growth and eventual economic crisis of China. (translated)
The founder of the now-insolvent real estate group Evergrande, Xu Jiayin, was sentenced to life in prison in China, while the company was also ordered to pay a fine of over 8.82 billion yuan. (translated)
Hui Ka Yan, the head of Evergrande, has been sentenced to life in prison in China for fraud and misuse of funds, following the crisis that affected his company, a symbol of the collapse of the country's real estate sector, and he will have to forfeit all his assets. (translated)
The founder of Evergrande, emblematic of the real estate crisis in China, has been sentenced to life in prison for large-scale fraud, while the group has been fined 2 billion euros for financial violations that occurred between 2016 and 2021. (translated)
