Evergrande founder sentenced to life, firms fined $2.4B

China Evergrande Group founder Hui Ka Yan has been sentenced to life in prison, while his companies were fined a combined 15.8 billion Chinese yuan ($2.4 billion), after he and Evergrande were found guilty of fraudulently issuing securities, violating information disclosure rules and bribery, Financial Post reports, citing Bloomberg. Evergrande is now in liquidation, with […]