HONG KONG, Aug 20 (Reuters) – A Chinese court on Thursday sentenced the founder of China Evergrande Group, the world’s most-indebted property developer, to life imprisonment and ordered all his personal property confiscated, state media CCTV reported.
Founder Hui Ka Yan faced eight charges including misuse of funds, fundraising fraud and illegally taking public deposits.
(Reporting by Beijing newsroom and Clare Jim in Hong Kong; Editing by Jacqueline Wong)
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