The founder of China Evergrande Group, the world's most-indebted property developer, was sentenced to life in prison by a Chinese court on Thursday, five years after the firm's collapse shook the nation's economy and financial markets. Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty finesBusiness live – latest updatesThe founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison and had all of his personal property confiscated.Hui Ka Yan, 67 and once named by Forbes as China’s richest man, with a net worth of $42.5bn (£31.2bn) in 2017, pleaded guilty in April to eight charges. Key points and original sources are listed below.

• The founder of China Evergrande Group, the world's most-indebted property developer, was sentenced to life in prison by a Chinese court on Thursday, five years after the firm's collapse shook the nation's economy and financial markets.S1

• Hui Ka Yan also forfeits all his personal property and the company he set up is given hefty finesBusiness live – latest updatesThe founder of Evergrande, one of China’s largest property developers, has been sentenced to life in prison and had all of his person...S2

• China sentences Evergrande founder Xu Jiayin to life in prison and fines the property giant over $2 billion for large-scale financial fraud and other crime : https://punchng.com/china-jails-evergrande-founder-for-life-fines-firm-more-than-us2bn/S3

• And his former companies fined 15.82bn yuan ($2.4 billion), cementing the downfall of a property tycoon who exemplified the country’s real estate boom and bust.S4

• Hui Ka Yan pleaded guilty in April to eight charges, including misuse of funds, fundraising fraud, illegally taking public deposits and illegally extending loansS5

• Chinese property developer Hui Ka Yan, founder of the Evergrande real estate group, has been sentenced to life in prison and the companies were fined a total of more than USD 2 billion, a court in the southern city of Shenzhen said Thursday. The decision marks...S6

• Evergrande founder Hui Ka Yan was sentenced to life in prison in China over financial fraud as the property developer's collapse continues to weigh on the economy.S7