Chinese court sentences founder of troubled property developer Evergrande to life in prison
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.
TL;DR
- Hui Ka Yan, founder of Evergrande, sentenced to life in prison.
- Convicted of financial crimes.
- Sentence linked to the collapse of Evergrande.
- Evergrande was formerly the world's most indebted developer.