China Evergrande founder Hui Ka Yan admits guilt to fraud charges

Hui Ka Yan, billionaire boss of China Evergrande, pleaded guilty to fraud charges in Beijing court proceedings.

Published 14sem37 sources✓ ConfirmedImportantupdated 14sem

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The fact

The trial follows the financial collapse of the Chinese real estate giant, ravaged by debt and project failures.

This guilty plea marks a major turning point in China's real estate crisis and may set legal precedents.

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La Chine Pékin Hui Ka Yan China Evergrande Group #fraude #immobilier #Chine #Evergrande

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