Founder of collapsed Chinese property giant Evergrande sentenced to life in prison
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. Hui Ka Yan pleaded guilty in April to several charges, including embezzlement of assets and corporate bribery. Shenzhen Intermediate People’s Court also fined Evergrande Group…