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Evergrande Founder Hui Ka-yan Pleads Guilty in Fraud Trial
Hui Ka-yan, founder of China Evergrande Group, admitted guilt to charges including embezzlement and corporate bribery during a public trial in Shenzhen.
Hui Ka-yan Admits Guilt in Trial
Hui Ka-yan, the founder and former chairman of China Evergrande Group, pleaded guilty to a series of charges, including embezzlement of corporate assets and corporate bribery, according to a statement from the Shenzhen Intermediate People's Court. During a public trial held on Monday and Tuesday, Hui expressed remorse for his actions.
Verdict to Be Issued Later
The Shenzhen Intermediate People's Court announced that it will issue its judgment regarding the trial at a later date. Further details on the proceedings or the specific charges have not yet been released.
*Source: SCMP China (2026-04-14)*
