This rags-to-riches property tycoon has just been sentenced by a Chinese court to life in prison

This rags-to-riches property tycoon has just been sentenced by a Chinese court to life in prison

💼 Finance & Business
Summary

A Chinese court sentenced Chinese property tycoon Hui Ka Yan to life in prison for financial crimes linked to the collapse of his Evergrande real estate group , once the world’s most heavily indebted developer. The decision marks a milestone in Evergrande’s saga after it defaulted on more than $300

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