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filoria@lemmy.ml to World News@lemmy.ml · 2 years ago

Evergrande: China property giant and its founder accused of $78bn fraud

www.bbc.com

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Evergrande: China property giant and its founder accused of $78bn fraud

www.bbc.com

filoria@lemmy.ml to World News@lemmy.ml · 2 years ago
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Former billionaire Hui Ka Yan has been fined and faces being banned from the financial markets for life.
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  • pudcollar@lemmy.ml
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    2 years ago

    If a billionaire is in actual trouble, he’s in China. US would have bailed out Evergrande.

    • Brave Little Hitachi Wand@lemmy.world
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      2 years ago

      I have pretty severe concerns about how the Chinese government operates, but this is one thing they do right.

  • ☆ Yσɠƚԋσʂ ☆@lemmy.ml
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    2 years ago

    Imagine living in a country where the rich are actually subject to the laws like everyone else…

  • filoria@lemmy.mlOP
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    2 years ago

    Gee it sure sucks that Evergrande collapsed. What a horrible sign for the Chinese economy!

  • Sodium_nitride@lemmygrad.ml
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    2 years ago

    he was investigated over suspected “illegal crimes”

    Are there any legal crimes you guys know of that I can try?

    • brain_in_a_box@lemmy.ml
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      2 years ago

      Removed by mod

    • lorty@lemmygrad.ml
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      2 years ago

      Anything with a fine you can easily pay.

      • ComradeSharkfucker@lemmy.ml
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        2 years ago

  • turkishdelight@lemmy.ml
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    2 years ago

    Chinese do not fool around. I expect they will make an example of this guy.

  • Amerikan Pharaoh@lemmygrad.ml
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    2 years ago

    Based. Wish that were us; we’ve got OODLES of real estate clowns who need to be shoved in a Brazen

  • ComradeSharkfucker@lemmy.ml
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    2 years ago

  • MushuChupacabra@lemmy.world
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    2 years ago

    Sucks to suck. This guy should be OK though, based on the CCPs history of fair trials and lenient sentencing.

    • davel@lemmy.ml
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      2 years ago

      Uh-huh: https://en.wikipedia.org/wiki/Incarceration_in_the_United_States

      The United States has the largest known prison population in the world, it has 5% of the world’s population, and 20% of the world’s incarcerated persons. China, with four times more inhabitants, has less persons in prison.

      • MushuChupacabra@lemmy.world
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        2 years ago

        Uh-huh:

        https://deathpenaltyinfo.org/policy-issues/international/executions-around-the-world

        As in previous years, execution totals do not include the estimated thousands of executions carried out by the world’s leading executioner, China, where execution data is considered a state secret; …

        • davel@lemmy.ml
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          2 years ago

          Like, a whole lot of secret state executions, pinky swear. 😂

          • MushuChupacabra@lemmy.world
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            2 years ago

            As in, you doubt that people get executed in China?

            Or

            They do, but the numbers are inflated?

            I’m just not sure what you’re trying to say.

            • davel@lemmy.ml
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              2 years ago

              I don’t doubt it: https://en.wikipedia.org/wiki/Capital_punishment_in_China

              Although most death sentences are “with reprieve,” which seldom lead to execution: https://en.wikipedia.org/wiki/Death_sentence_with_reprieve

              All of those are on the public record.

              What I’m saying is: where is their evidence for an “estimated thousands of executions carried out” that are secret?

              • MushuChupacabra@lemmy.world
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                2 years ago

                So you’re going with wilful ignorance. Neat.

                Name a country that executes more people per year than China does.

                Actually, since you can’t do that, don’t worry about it.

                Anyhoo, they’ll execute him.

                • davel@lemmy.ml
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                  2 years ago

                  gui porky-scared

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