许家印

(Beijing News on the 20th) Xu Jiayin, the founder of Evergrande Group, was sentenced to life imprisonment. According to comprehensive foreign media reports, Xu Jiayin was sentenced to life imprisonment at the first-instance public sentencing of the Shenzhen Intermediate People's Court in Guangdong Province for multiple crimes including fund-raising fraud, job embezzlement, and illegal absorption of public deposits. According to reports, the court sentenced Evergrande Group to pay a fine of 8.82 billion yuan (approximately RM5.2956 billion); Evergrande Real Estate was fined 7 billion yuan (approximately RM4.203 billion). Xu Jiayin was sentenced to life imprisonment, deprived of political rights for life, and ordered to have all his personal property confiscated. According to the court trial, Evergrande Group and relevant personnel conducted large-scale financial fraud and fraud between 2016 and 2021...