China: Perpetual Prison for Evergrande Defrauder · Global Voices
8 Articles
8 Articles
A Chinese court sentenced the founder of the real estate giant Evergrande, Xu Jiayin, to life imprisonment for a series of crimes including “large-scale financial fraud” and fined the group more than $2 billion.
The measures against large fortunes, real estate income, and offshore capital do not mark the abolition of private enterprise, but rather the transition to a phase in which accumulation is brought back to the goals of common prosperity and the socialist direction of the economy. The life sentence handed down on August 20 against Xu Jiayin, founder and effective controller of Evergrande, represents one of the most severe measures adopted in conte…
From a child raised in poverty to one of the richest people in the world and, ultimately, a lifer, Xu Jiayin saw the Evergrande empire collapse and himself convicted of a series of financial crimes.
Xu Jiayin, who became China's richest man, was sentenced to life imprisonment by a Shenzhen court after being found guilty of fraud, bribery, and embezzlement. The 67-year-old businessman, also known as Hui Ka Yan, was also ordered to confiscate his personal assets and return the funds he allegedly obtained illegally. From poverty to a real estate empire: Xu Jiayin's story began in a rural area of Henan province, where he was born in 1958. After…
The executive went from building a billions of dollars real estate empire to receiving the final sentence after the collapse and fraud of his company The article From billionaire to life imprisonment: the fall of Xu Jiayin and Evergrande was originally published in Las2orillas.co: Stories, Voices and News from Colombia. Copyrights Las2orillas.co
Xu Jiayin sentenced to life imprisonment and all his assets confiscated! What will the owners of unfinished buildings do? The Beijing Robotics Conference "crashes"; Yushu's stock price plummets 18.7% on the second day of its IPO, with its market value evaporating by over 160 billion yuan. (Provided by Joyful Moments)
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
