Founder of collapsed Chinese property giant Evergrande sentenced to life in prison
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Shenzhen Intermediate People's Court also fined his former companies a total of 15.82bn yuan (£1.73bn; $2.35bn) over multiple crimes, including falsifying records and concealing debt.
Hui's sentencing marks a key moment in the fallout from Evergrande's collapse, which shook China'
The founder of Evergrande, the property giant at the centre of China's housing market slump, has been sentenced to life in prison and had all of his personal property confiscated.
Confirmed
Hui's sentencing marks a key moment in the fallout from Evergrande's collapse, which shook China'
The founder of Evergrande, the property giant at the centre of China's housing market slump, has been sentenced to life in prison and had all of his personal property confiscated.
Unverified
Shenzhen Intermediate People's Court also fined his former companies a total of 15.82bn yuan (£1.73bn; $2.35bn) over multiple crimes, including falsifying records and concealing debt.