Major Guilty Plea: Evergrande's Founder Admits Fraud Charges
BBC Business
Evergrande founder Hui Ka Yan pleads guilty to fraud amid the company's collapse, impacting China's property sector. What does this mean for the future?
Hui Ka Yan pleads guilty to embezzlement and bribery charges.
Evergrande's collapse has sent shockwaves through China's property market.
Once worth $50 billion, Evergrande is now the most indebted developer.
Hui's journey from rural poverty to riches highlights economic extremes.