Law & Justice
Evergrande fined $1.3 billion by Chinese court
A Chinese court fined Evergrande Group 8.82 billion yuan, or $1.3 billion.
A Chinese court also said Evergrande's founder has been sentenced to life in prison.
Update
A Chinese court fined Evergrande Group 8.82 billion yuan, or $1.3 billion.
Source note: AFP news report published on 20 August 2026 at 04:16:09 UTC.
Uncertainty notes
The supplied information does not identify the court or give details of the legal findings behind the fine.
The supplied information does not name Evergrande's founder.
Source
AFP news report published on .