Founder of China’s Evergrande jailed for life after pleading guilty to fraud
OMEGAZEPRIME News
This story was selected and curated by our editorial team in the Asia Pacific category. Published on August 20, 2026 • Originally reported by Amy Hawkins Senior China correspondent. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
This story was selected and curated by our editorial team in the Asia Pacific category. Published on August 20, 2026 • Originally reported by Amy Hawkins Senior China correspondent. OMEGAZEPRIME provides independent news coverage and analysis for our readers. Stay informed with the latest developments.
Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty fines
The founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison and had all of his personal property confiscated.
Hui Ka Yan, 67 and once named by Forbes as China’s richest man, with a net worth of $42.5bn (£31.2bn) in 2017, pleaded guilty in April to eight charges.
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