China Evergrande founder Hui Ka Yan received a life sentence for fraud charges. The court also confiscated all of his personal property and assets. Evergrande and its subsidiary Hengda Real Estate faced substantial fines. pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud and illegally taking public deposits.Evergrande, once China's premier developer, has defaulted since 2021 ​on most of its $300 billion ⁠in liabilities, ‌its troubles emblematic of ​a crisis ​in the prope ...