Evergrande Founder Pleads Guilty to Fraud Charges in China
Hui Ka Yan, the founder of troubled property giant Evergrande Group, has pleaded guilty to multiple offences including embezzlement and corporate bribery, according to a court statement. The plea was entered during hearings held on April 13 and 14 in Shenzhen, where Hui reportedly expressed remorse over his actions. Authorities say a verdict will be…
