China Evergrande Founder Hui Ka Yan Sentenced to Life in Prison for Financial Crimes

August 20, 2026 | China Evergrande founder Hui Ka Yan has been sentenced to life imprisonment after pleading guilty to eight financial crimes, including fraud and bribery. The court also confiscated his personal property and imposed multibillion-yuan fines on Evergrande and Hengda Real Estate. The ruling completes the dramatic downfall of a former Asian billionaire whose debt-fuelled property empire collapsed with liabilities exceeding $300 billion. For more details, watch our story and subscribe to our channel, DRM News.

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China Sentences Evergrande Founder to Life in Prison: Hui Ka Yan’s punishment caps the downfall of a property empire whose collapse set off a prolonged crisis in the Chinese economy. »