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China Evergrande's Billionaire Boss Falls From Circles of Power to Fraud Plea

Summary by Asia One
HONG KONG — Mingling with power brokers at centenary celebrations of the Chinese Communist Party on July 1, 2021, a beaming Hui Ka Yan betrayed no sign of the pressure mounting on his property company, China Evergrande Group, the world's most indebted.Hui looked relaxed in navy-blue suit and open-necked shirt as he stood on a podium overlooking the festivities in Tiananmen Square, an invitation many considered an official show of support for the…
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Business Times broke the news on Wednesday, April 15, 2026.
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