China, Evergrande
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By Clare Jim HONG KONG, April 14 (Reuters) - The founder of China Evergrande Group, the world's most indebted property developer, pleaded guilty to eight charges including misuse of funds, fundraising fraud and illegally taking public deposits,
China Evergrande's founder has pleaded guilty to charges including illegal absorption of public deposits, fraud and corporate bribery.
Hui Ka Yan, once one of the world’s richest men, was accused along with the developer whose implosion helped spark a property crisis in China.
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. Hui Ka Yan ...