Evergrande founder Xu Jiayin faces charges after the conglomerate’s collapse, signaling a decisive cleanup of its debts and assets; once the empire’s architect, he now confronts legal accountability.
Evergrande founder Hui Ka Yan has been accused by state media of illegally absorbing public deposits and fundraising fraud. Xinhua has published a list of charges against Hui, who built the company into one of the world’s most indebted developers, signalling intensified legal action against the firm's leadership.