Evergrande: China property giant and its founder accused of $78bn fraud
Evergrande: China property giant and its founder accused of $78bn fraud
Former billionaire Hui Ka Yan has been fined and faces being banned from the financial markets for life.
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Being accused isn't the same as being found guilty. Especially in the case of real estate, there is always a possibility that what he did to skirt to law and obtain that wealth may not actually be illegal.
That being said I don't know enough on the laws or what he did, but it's probably likely why China hasn't killed him yet. They likely are doing a more drawn out investigation to find out if it's their own poorly written policies that enable men like this to obtain that wealth and what to do to correct it in the eyes of common Chinese citizens.
China doesn’t give a fuck about the citizens, they’re not doing anything to correct it in their eyes.
The CCP cares about their nation's economy, they will care about what caused this mess.
The party cares about if they’re rich. This guy was a party member and he made himself rich.