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Chair of China’s Evergrande reportedly put under police surveillance

  • Hui Ka Yan, the billionaire founder of China Evergrande, is being held by police as part of an investigation into the embattled property developer.
  • Chinese authorities have arrested several Evergrande employees and are urging the public to report any suspected fraud cases.
  • Evergrande is facing financial turmoil, as it is unable to sell new debt due to the ongoing investigation.
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  • 41% of the sources are Center
41% Center
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Devdiscourse broke the news in India on Wednesday, September 27, 2023.
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