China Puts Evergrande’s Billionaire Founder Under Police Control

Hui Ka Yan, the billionaire chairman of beleaguered property developer China Evergrande Group, has been placed under police control, according to people familiar with the matter. Rebecca Choong Wilkins reports on Bloomberg Television.
--------
Connect with us on...

[godzillamothra]

if he were in the US, they would have given him billions of dollars in bonus

[zhoma]

Did anyone get controlled under American police during Subprime mortgage crisis?

[joshborja]

In America he would have been given a bailout!!😂😂😂😂

[felixhan-in]

Most of problems come from guangdong and Shanghai specifically. The economic problem is based on those two provinces. It’s hard to foresee the future of these two provinces but it’s sinking faster and faster due to collapse of evergrande. Actually there are 30-40 big real states companies collapsing like evergrande.

[ArabicReja]

Shocking numbers of China's Evergrande are only the beginning, not the end, of a Great Fall of China 🇨🇳:
- Evergrande's $340 billion debt is more than the GDP of Vietnam.
- *Empty apartments, * mostly unfinished, are sufficient to house the population of Germany.
- The company's eye-watering $81 billion loss over 2 years is bigger than the GDP of 40 countries.
- This week, it lost 80% of its market value on the first day of resumed trading after 16 months of absence.
- Evergrande said, as of June, it received more than *2, 200 lawsuits, * totaling $73.40 billion in liability.

[MinhLe-efcs]

And what about country garden and other CEO of others companies??

[mujomujo]

That woman talks like she's on a BBC food show

[Fjhaha]

He didn’t see that coming? Really? Lol….

[MoritaJunichiro]

Japanese government: Add fines for NTT radio interference📊🤮

[valkry]

This does not make whinnie the pooh look very good, he must be so mad.

[youssbouss]

Why is the lady there ... she not even giving awnsers

[meriliu]

Xi Jin Ping:"I have spotted all money laundry! Gonna catchem All!"

[bubavaal]

😂😂😂😂 Free China from corruption great job Xi 😂❤

[josephwallis]

If you dig deep into WeiXin how he skimmed & skinned his staff and investors and Wall Street and customers, all I can say is it is of epic proportion, it only happens in America or China or Russia or UK or Australia or Canada.

[lastChang]

The Chinese regime put Evergrande founder under police control for wrongdoing
is like Escobar cartel putting a restraint on Sinaloa's Guzman for drug trafficking. Lol

[geoffcarroll]

Pop that bubble 😂 🫧 false economic growth is fall from grace. See ya in the poor house