Founder of China’s Evergrande Group Hui Ka-yan pleads guilty in fraud trial

South China Morning Post South China Morning Post —

As part of a public trial held by the Shenzhen Intermediate People’s Court, China Evergrande Group founder and former chairman Hui Ka-yan admitted guilt and expressed remorse over a set of charges including embezzlement of corporate assets and corporate bribery, according to a statement issued by the court.
The trial was held on Monday and Tuesday, and the court will issue its judgement at a later date.
More to follow ...

Read full article at South China Morning Post →

Hui Ka Yan pleads guilty