Formerly China's richest man, Evergrande founder Hui Ka Yan is serving a lengthy prison sentence, widely viewed as a scapegoat for the country's severe real estate downturn.

China has sentenced the founder of the disgraced property giant Evergrande to jail and imposed a significant fine on the company itself.

Hui Ka Yan, the founder of Evergrande, has been sentenced to life imprisonment for financial misconduct, with the court also mandating the confiscation of his assets and imposing fines on Evergrande.

The founder of the collapsed Chinese property conglomerate Evergrande has pleaded guilty to fraud charges.

The founder of China's embattled Evergrande Group has pleaded guilty to fraud charges, marking a significant development in the company's legal troubles.

The first-instance trial for Evergrande Group, Evergrande Real Estate, and founder Xu Jiayin has concluded, with Xu pleading guilty to charges.

A story details how a homeless man came to occupy a 250 million Euro London villa in Hyde Park, reportedly linked to Evergrande founder Xu Jiayin, highlighting a stark contrast in fortunes.

Hui Ka Yan, the founder of the Chinese property developer Evergrande, has pleaded guilty to charges including embezzlement and corporate bribery.

The founder of China's Evergrande, once the country's largest real estate firm, has pleaded guilty to fraud charges.

A Chinese court has sentenced the founder of Evergrande to jail and imposed a significant fine on the disgraced property giant, marking a major development in its ongoing crisis.

Xu Jiayin, once China's richest man, is under pressure as his company Evergrande's debt crisis continues to impact the Chinese real estate market, with potential legal repercussions.

The founder of China Evergrande has pleaded guilty to fraud charges in court. This landmark trial is connected to the massive collapse of the company's property empire.

The founder of China Evergrande has pleaded guilty to fraud charges in a Shenzhen court, marking a significant development in the high-profile case involving the indebted property giant.