Evergrande founder joins list of Chinese tycoons investigated, arrested ...Middle East

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Evergrande founder joins list of Chinese tycoons investigated, arrested
source : Bloomberg News Today ( Middle East ) () 11
China Evergrande Group Chairman Hui Ka Yan attends a news conference on the property developer’s annual results in Hong Kong, China March 28, 2017. REUTERS/Bobby Yip/File Photo Acquire Licensing Rights Sept 29 (Reuters) – The founder of China Evergrande (3333.HK), the world’s most indebted property developer, is being investigated for “illegal crimes”, a fresh challenge for the tycoon and his embattled company as it struggles to stay afloat. Hui Ka Yan, 64, who founded Evergrande in 1996 in the southern Chinese province of Guangdong, is the latest tycoon to come under scrutiny since Chinese President Xi Jinping took power in 2012. Following is a list of some other high-profile Chin

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