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Evergrande founder pleads guilty to fraud
Financial Express Bengaluru
|April 15, 2026
CHINA EVERGRANDE GROUP'S founder has pleaded guilty to a number of charges including fundraising fraud and bribery in a Chinese court, cementing the downfall of a property tycoon who was emblematic of the country’s real estate boom and bust.
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Hui Ka Yan, who rose from humble origins to turn Evergrande into a real estate giant that was at one time the world’s most indebted developer, had been accused of a litany of crimes including illegally absorbing public de
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