A Chinese court on Thursday sentenced
#XuJiayin, former boss of Evergrande Group, to life in prison after convicting him of multiple crimes.
The Shenzhen Intermediate People's Court in Guangdong Province found Evergrande Group and Xu guilty of illegally absorbing public deposits, fundraising fraud, illegally issuing loans, fraudulent issuance of securities, unlawful disclosure of important information, and corporate bribery.