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China Latest News | China's Evergrande Founder Hui Ka Yan Sentenced To Life In Prison

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  • Published On: August 20, 2026
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The billionaire founder of China ​Evergrande Group, the world's most-indebted property developer, has been sentenced to life in prison on Thursday by a Chinese court. Hui Ka Yan pleaded guilty ​in April to eight charges, including misuse ⁠of funds, fundraising fraud and illegally taking ​public deposits. 

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