China Evergrande founder pleads guilty to fraud in Shenzhen court

China Evergrande founder pleads guilty to fraud in Shenzhen court

Asia One·2026-04-14 17:02

HONG KONG — The founder of China Evergrande Group, the world's most indebted property developer, pleaded guilty to charges including misuse of funds, fundraising fraud and illegally taking public deposits, a court in China's southern city of Shenzhen said.

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