China Sentences Evergrande Founder to Life Imprisonment after $300bn Default

• Confiscates all his personal property, fines firm $1.31bn • 56 others also sentenced Emmanuel Addeh in Abuja The founder of China Evergrande Group, the world’s most-indebted property developer, Hui

The Briefing Africa

August 21, 2026 · 03:12 · 5 min read

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China Sentences Evergrande Founder to Life Imprisonment after $300bn Default