Evergrande Pursues $6 Billion from Founder and Former Executives

Liquidators seek to reclaim funds based on misstated financial statements, with injunctions on key figures' assets.

Evergrande's liquidators are targeting founder Hui Ka Yan, ex-wife Ding Yumei, and former executives for $6 billion.
The Hong Kong High Court ordered Evergrande's liquidation in January due to failed restructuring plans.
Injunctions have been placed on Hui, Ding, and former CEO Xia Haijun to prevent asset disposal.
The company overstated revenue by $78 billion from 2019 to 2020, leading to significant fines and legal actions.
Evergrande's shares remain suspended as legal proceedings continue.