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Evergrande founder pleads guilty to fraud and bribery

The founder of Chinese property giant Evergrande admitted guilt on charges of fraud and bribery, a court said Tuesday.

Published Apr 14, 2026, 3:34 AM EDT | WFMZZ

The founder of Chinese property giant Evergrande has pleaded guilty to charges of fraud and bribery, a court announced Tuesday. The plea is the latest setback for the developer that was once the country's leading property firm.