What to know

• 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