Evergrande: Chinese firm and founder fined over $78 billion fraud claims

Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices. The developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.

Chinese authorities are examining the role of PricewaterhouseCoopers LLP in China Evergrande Group’s accounting practices. The developer was accused of a $78 billion fraud, ramping up pressure on the global accounting giant that audited a slew of developers before the sector's meltdown.

Hui Ka Yan is being fined by the country's securities regulators for financial fraud and colluding with others to inflate the group’s revenues. Evergrande founder is being fine for falsifying $78 billion in revenues. He is also being fined for colluding to inflame the group's revenues.

Property developer fined $580m and its chairman, Hui Ka Yan, fined $6.5m for allegedly falsifying its revenues. Property developer's chairman also fined $7.7m for alleged falsifying his revenues. Evergrande: Chinese firm and founder fined over $78bn fraud claims.

China Evergrande Holding says Beijing's stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue. The property developer says it has been slapped with a lifetime ban on its chairman. China EverGrande Holding has been accused of falsifying revenue, among other allegations.

China Evergrande Holding says Beijing's stock watchdog has fined it 4.2 billion yuan ($333.4 million) for allegedly falsifying its revenue. The property developer says it has been slapped with a lifetime ban on its chairman. China EverGrande Holding has been accused of falsifying revenue, among other allegations.

China's securities regulator fined the developer’s founder, Hui Ka Yan, and banned him from participating in financial markets for life. China Evergrande founder accused of inflating revenue by $78 billion by over $78billion. China’�s securities regulator also fined the founder, who has been banned from the country's financial markets.

China Evergrande Group’s alleged $78 billion revenue overstatement escalates legal peril of founder. Founder Hui Ka Yan now stands at the center of one of the biggest financial fraud cases in history. China EverGrande Group is accused of overstating revenue by more than 40% of its revenue.

China Evergrande Group’s alleged $78 billion revenue overstatement escalates legal peril of founder. Founder Hui Ka Yan now stands at the center of one of the biggest financial fraud cases in history. China EverGrande Group is accused of overstating revenue by more than 40% of its revenue.