China’s Evergrande founder sentenced to life in prison | DW News
The founder of China’s Evergrande real estate group has been sentenced to life in prison by a Chinese court. Hui Ka Yan pleaded guilty to several charges in April including fraud, bribery and embezzlement linked to his leadership of the property giant. Evergrande’s collapse five years ago shook China’s economy and the financial markets.
Chapters:
00:00 Evergrande founder sentenced to life in prison
01:15 How China’s property empire came crashing down
02:30 DW’s Clifford Coonan on Evergrande’s impact on China
04:06 Punishment, politics and the property crisis
06:05 Hui Ka Yan’s rise, fall and what comes next
#evergrande #chinarealestate #dwcurrentaffairs
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