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International Business Times
International Business Times
World
Peter CATTERALL

Chinese Property Giant Evergrande Fined $576 Mn For 'Fraud'

Evergrande China Beijing
Evergrande was once China's biggest real estate firm, a powerhouse in a sector that helped propel the country's rapid economic growth during recent decades (Credit: AFP)

China's deeply indebted property giant Evergrande has been fined $576 million for fraudulent business practices, Beijing's top financial regulator said Friday.

Evergrande was once China's biggest real estate firm, a powerhouse in a sector that helped propel the country's rapid economic growth during recent decades.

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International Business Times UK
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