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World News@lemmy.worldEnglish · 8 months ago

Evergrande: China property giant and its founder accused of $78bn fraud

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Evergrande: China property giant and its founder accused of $78bn fraud

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World News@lemmy.worldEnglish · 8 months ago

Former billionaire Hui Ka Yan has been fined and faces being banned from the financial markets for life.

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8 months ago

Mr Hui was also fined $6.5m, according to a filing by the company to the Shenzhen and Shanghai stock exchanges.

Uhm. For “who was once China’s richest man” This is a small slap on the wrist considering the magnitude of fraud. It’s 0.008333% of the 78 Billion.

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