Founder of China’s Evergrande pleads guilty to fraud

Hui Ka Yan, the founder of embattled Chinese property developer Evergrande, has pleaded guilty to a number of charges, including embezzlement of assets and corporate bribery, according to a statement issued by the court. Hui expressed remorse during the public hearing on 13 and 14 April in Shenzhen, according to Chinese state media. The court […]

By Abubakar Ibrahim