Evergrande founder Hui Ka Yan, once Asia’s richest man, sentenced to life in prison after property giant’s collapse

The Chinese tycoon pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud, illegally taking public deposits, illegally extending loans, fraudulently issuing securities and bribery.

The Chinese tycoon pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud, illegally taking public deposits, illegally extending loans, fraudulently issuing securities and bribery.