Evergrande founder Xu Jiayin faces bankruptcy liquidation charges and corruption proceedings, spotlighting the collapse of the debt-laden developer.
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.