Hui Ka Yan, the founder of Evergrande, once the world’s biggest property firm by sales, was sentenced to life in prison by a Chinese court for “multiple combined crimes”.

A Chinese ​court on ‌Thursday sentenced the founder of ​China Evergrande ​Group, the world's most-indebted ⁠property developer, ​to life ​imprisonment and ordered all his personal ​property confiscate...

Evergrande Group was fined 8.82 billion yuan ($1.23 billion), and Evergrande Real Estate was fined 7 billion yuan, it said – some of the biggest corporate criminal fines ever handed down by the Chines...