Evergrande founder Hui Ka Yan sentenced to life in jail

Save You have reached your maximum number of saved items. Remove items from your saved list to add more. Share A A A China Evergrande Group’s founder Hui Ka Yan has been sentenced to life in prison, bringing an end to one of the most dramatic rise and fall stories in China’s corporate history. The disgraced property tycoon, once Asia’s second-richest man, had turned Evergrande into a poster child of corporate excess during China’s long real estate boom. But after his empire came crashing down following a 2021 default, he was caught in a dragnet of official investigations that ultimately caused his downfall.