The Economic Times

Who is Hui Ka Yan? China Evergrande founder sentenced to life in prison for orchestrating massive financial fraud

Who is Hui Ka Yan? Hui Ka Yan, the founder of China Evergrande, has been sentenced to life imprisonment for a range of financial offenses, including fraud and bribery. A Shenzhen court found him guilty of misappropriating funds. Following the company's collapse, which resulted in liabilities exceeding $300 billion, the court has ordered the seizure of all Hui's personal assets and imposed heavy fines on Evergrande for its unlawful practices.