Tag: Hui Ky Yan

Evergrande Founder Detained By China Authorities Over His Offshore Transition Projects!

Hui Ka Yan, the Founder and Chairman of Evergrande, is currently in the spotlight. Recent reports indicate that Chinese authorities have detained him amidst ongoing criminal investigations against him. The Wall Street Journal disclosed on Monday that Hui is suspected of moving assets overseas while the debt-laden property firm is on the brink of bankruptcy. Hui seems to be a sort of China's Sam Bankman-Fried. A fallen corporate superstar!