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

AdvertisementChina Evergrande GroupBusinessChina BusinessBreakingFounder of China’s Evergrande Group Hui Ka-yan pleads guilty in fraud trialA trial held by Shenzhen court brought the company and its former chairman up on charges including embezzlement and corporate bribery 1-MIN READ1-MIN ListenPeggy SitoPublished: 12:26pm, 14 Apr 2026Updated: 12:35pm, 14 Apr 2026As 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 ... AdvertisementAdvertisementSelect VoiceSelect Speed0.8x0.9x1.0x1.1x1.2x1.5x1.75x00:0000:001.00x