Translations: As Evergrande’s Xu Jiayin Pleads Guilty, “Behind the Scenes Are Too Many Uncomfortable Truths That Can Never Be Fully Examined”

Translations: As Evergrande’s Xu Jiayin Pleads Guilty, “Behind the Scenes Are Too Many Uncomfortable Truths That Can Never Be Fully Examined”

In a brief trial last week in Shenzhen, Xu Jiayin (Hui Ka Yan, in Cantonese), the founder of collapsed real-estate conglomerate China Evergrande Group, pleaded guilty to eight charges including the misuse of funds, fraudulent fundraising, and illegally taking public deposits. Xu, whose verdict and sentencing will take place at a later date, could face life imprisonment. At Reuters, Clare Jim reported on the court proceedings, which lasted only a…