China Evergrande founder Hui Ka Yan pleads guilty to illegal fundraising in landmark fraud trial

WorldBusiness & Finance
14 Apr 2026 • 12:27 PM MYT
Malay Mail
Malay Mail

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Malay Mail

BEIJING, April 14 — ‌China ​Evergrande Group’s founder Hui ‌Ka Yan pleaded ​guilty to charges including ​illegal absorption of public deposits and ‌fundraising ⁠fraud ⁠in ⁠a court in ⁠Shenzhen, ⁠which held a ⁠trial of the case against the ⁠group and Hui on Monday and ⁠Tuesday, state ⁠media ⁠Xinhua ​reported. — Reuters