Overview

• Evergrande falsely increased revenue and profit figures in 2019 and 2020.
• The company issued fraudulent bonds based on inflated financials.
• Founder Hui Ka Yan fined $47 million and banned from securities market for life.
• Evergrande faces liquidation after failing to deliver a debt restructuring plan.
• China considers record fine for auditor PwC over its role in the scandal.