China: Perpetual Prison for Evergrande Defrauder · Global Voices
5 Articles
5 Articles
A Chinese court sentenced the founder of the real estate giant Evergrande, Xu Jiayin, to life imprisonment for a series of crimes including “large-scale financial fraud” and fined the group more than $2 billion.
The executive went from building a billions of dollars real estate empire to receiving the final sentence after the collapse and fraud of his company The article From billionaire to life imprisonment: the fall of Xu Jiayin and Evergrande was originally published in Las2orillas.co: Stories, Voices and News from Colombia. Copyrights Las2orillas.co
Xu Jiayin sentenced to life imprisonment and all his assets confiscated! What will the owners of unfinished buildings do? The Beijing Robotics Conference "crashes"; Yushu's stock price plummets 18.7% on the second day of its IPO, with its market value evaporating by over 160 billion yuan. (Provided by Joyful Moments)
Xu Jiayin, 67, was the founder and former owner of the Chinese real estate giant Evergrande, who was the owner of the Montebello Castle before he was seized for sale under judicial supervision. On 20 August, in addition to being convicted, Mr. Jiayin was confiscated, and the court imposed a fine of more than $2 billion. Xu Jiayin (middle) at his trial, held in Shenzhen, Guangdong province, south of the country, on 20 August 2026. Source: Xinhua …
Newtalk News: Xu Jiayin, founder of Chinese conglomerate Evergrande Group, received his first-instance verdict on the 20th. The Shenzhen Intermediate People's Court of Guangdong Province publicly announced the verdict in multiple criminal cases involving Evergrande Group, Evergrande Real Estate, and Xu Jiayin. Xu Jiayin was sentenced to life imprisonment for multiple crimes, deprived of his political rights for life, and all his personal propert…
Coverage Details
Bias Distribution
- 100% of the sources lean Left
Factuality
To view factuality data please Upgrade to Premium
