Source: China – South China Morning PostChina Evergrande Group’s founder and former chairman Hui Ka-yan pleaded guilty to charges including embezzlement of corporate assets and corporate bribery, according to a statement issued by the Shenzhen Intermediate People’s Court.
The trial was held on Monday and Tuesday, and the court said it would issue its judgment at a later date.
The charges also included illegally absorbing public deposits, fundraising fraud, illegal loan issuance, fraudulent issuance of securities and unlawful…Read More