Evergrande founder sentenced to life in prison

A Shenzhen court convicted Xu Jiayin of large-scale financial fraud and imposed a 15.82 billion yuan fine on Evergrande and a subsidiary following the developer’s 2021 default A court in Shenzhen, southern China, sentenced Evergrande founder Xu Jiayin to life in prison on Thursday and fined the property giant and one of its subsidiaries 15.82 […]