Xeerka Shenzhen: Hui Ka Yan, Hoggaamiyaha Evergrande, La Xukunay Nolosha
Maxkamadda Shenzhen ee Dalka Shiinaha ayaa xukuntay Hui Ka Yan, hoggaamiyaha shirkadda maaliyadda iyo dhismaha Evergrande, inuu noqdo mid nolosha lagu xukumo, kadib markii uu aqbalay inuu dambi ka galay dhaqaale-bixinta iyo xadgudubka sharciga.
Xukunka iyo Dambiyada Hui Ka Yan
Maxkamadda Shenzhen Intermediate People's Court ayaa xukuntay Hui Ka Yan, oo sidoo kale loo yaqaanno Xu Jiayin, inuu noqdo mid nolosha lagu xukumo, iyadoo la xukumay inay lahaanshaha dhaqaale iyo xuquuqda siyaasadda la xiro muddo dheer. Hui wuxuu aqbalay inuu dambi ka galay dhaqaale-bixinta, xadgudubka sharciga, iyo xadgudubka sharciga dhaqaalaha.
Sidoo kale, maxkamaddu waxay xukuntay in shirkadda Evergrande Group iyo Evergrande Real Estate Group ay dhaqaale-bixinayaan lacag dhan 8.82 bilyan oo yuan, halka shirkadda Hengda Real Estate ay dhaqaale-bixinayaan 7 bilyan oo yuan. Hui wuxuu sidoo kale la xiray dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixint
Dhaqaale-bixinta iyo Xadgudubka Sharciga
Maxkamaddu waxay sheegtay in Hui iyo Evergrande ay dhaqaale-bixinayaan dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta d
Maxkamaddu waxay sheegtay in Hui iyo Evergrande ay dhaqaale-bixinayaan dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta d
Saameynta Dhaqaalaha Shiinaha
Xukunkan wuxuu ka dhigay mid muhiim ah xilliga dhaqaalaha Shiinaha, kaas oo ku dhacay 2021, kadib markii shirkaddu dhaqaale-bixisay dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale
Shirkaddu waxay ku dhacday dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bixinta dhaqaale-bix
A Shenzhen court has sentenced Hui Ka Yan, founder of China's Evergrande Group, to life in prison for orchestrating large-scale financial fraud that inflated the developer's assets and concealed its liabilities.
Verdict and Sentencing
The Shenzhen Intermediate People's Court convicted Hui Ka Yan, also known as Xu Jiayin, and Evergrande of large-scale financial fraud in inflating the group's assets and concealing its liabilities. Hui pleaded guilty in April to charges including fraud, corporate bribery, and illegally taking public deposits after his arrest in China.
In addition to the life sentence, the court revoked Hui's political rights for life and ordered the confiscation of all his personal property. Several other senior Evergrande executives were also sentenced to prison terms of up to 18 years on charges including fraud and illegal absorption of public deposits.
Financial Penalties and Fraud Details
The court imposed fines totalling $2.3 billion on Evergrande companies, with Evergrande Group fined 8.82 billion yuan and Evergrande Real Estate Group fined 7 billion yuan. The company was the world's most heavily indebted real estate developer before it was ordered to liquidate its assets in 2024 and delisted in 2025.
Investigators in Hong Kong and mainland China found that Evergrande manipulated its financial data by prematurely booking revenue from property sales before completion and delivery. Revenues were overstated by roughly $80 billion over 2019 and 2020, contributing to the company's collapse with more than $300 billion in liabilities.
Broader Economic Impact
The court stated that Hui and Evergrande's actions 'seriously disrupted the socialist market economic order... and undermined the integrity of official conduct by state personnel'. The circumstances were described as particularly egregious, causing particularly serious economic losses and particularly serious social harm.
China Evergrande, founded in 1996, defaulted on its debts in 2021, triggering a downturn in the property market that has weighed on the broader economy. The Chinese property market is now undergoing a deep structural shift from speculative hyper-growth into a permanent stable contraction, with an oversupply of inventory.
