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Evergrande founder pleads guilty to fraud

Hui Ka Yan faces threat of life in prison after collapse of Evergrande The founder of the failed Chinese property giant Evergrande is facing the threat of life in prison after pleading guilty to fraud and bribery. Hui Ka Yan, also known as Xu Jiayin and once one of China’s richest men with a fortune of $45bn (£36bn), ma... [2062 chars]

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