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China’s Real Estate Giant Evergrande and Founder Slapped with Penalties Over Massive Revenue Scandal

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26 March 2024
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Evergrande's president Xu Jiayin, also known as Hui Ka Yan in Cantonese, attends a meeting in Wuhan, in China's central Hubei province on June 5, 2017. (AFP via Getty Images)The embattled Chinese real estate giant Evergrande, along with its founder, has been penalized following accusations of artificially boosting its revenues by $78 billion in the two years before it defaulted on its debt obligations. The penalty came 172 days

Read more https://www.theepochtimes.com/china/chinas-real-estate-giant-evergrande-and-founder-slapped-with-penalties-over-massive-revenue-scandal-5614826

  • Previous Article NZ Dispatches Naval Ship to Solomon Islands Ahead of Contentious Elections
  • Next Article CCP Hackers Breached NZ Parliament and Electoral Commission, Security Minister Reveals

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