# The founder of China Evergrande Group pleaded guilty to charges including misuse of funds, fundraising fraud and illegally taking public deposits.

*business · news · 2026-04-14 · NBC News*

## Key points

- Evergrande founder Hui Ka Yan pleaded guilty to misuse of funds and fundraising fraud in Shenzhen.
- Hui and Evergrande also face charges of illegal loans, securities fraud, and bribery by company units.
- China's securities regulator fined Hui $6.6 million and banned him from the securities market for life in 2024.
- Evergrande's liquidators are pursuing offshore assets to recover $6 billion paid to Hui and former executives.

**Companies:** China Evergrande Group
**Countries:** China

[Read the full story on NBC News](https://www.nbcnews.com/world/asia/china-evergrande-founder-pleads-guilty-fraud-shenzhen-court-rcna331674)

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