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China's Evergrande founder Xu pleads guilty to fraud

China’s Evergrande founder Xu pleads guilty to fraud

Beijing: Xu Jiayin, former chairman of China's property developer Evergrande Group, whose collapse has caused a massive crisis in the Chinese property market, pleaded guilty to charges of embezzlement of corporate assets and corporate bribery. The Shenzhen Intermediate People's Court, which has held a public...

 

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