Evergrande founder Hui gets life sentence plus $2.3B fine as collapse saga closes
A Shenzhen court sentenced Evergrande founder Hui Ka-yan to life in prison and stripped his assets after he pleaded guilty to fraud, bribery and embezzlement, fining his firms $2.3 billion. The verdict closes the chapter on the 2021 collapse that helped pull China's property sector and banks into a prolonged downturn.