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Arrests: The Scandal Around The Chinese Real Estate Group Evergrande Is Widening!
China Evergrande Group's shares plummeted by 25% on Monday following the detention of several employees from its wealth management division by the police. Recognized as the globe's most debt-laden property developer, Evergrande is at the heart of a tumultuous phase in China's property market which has led to numerous defaults since late 2021, causing global market disturbances and concerns of a ripple effect.