HONG KONG -- Troubled property developer China Evergrande Group said Thursday evening that founder and Chairman Xu Jiayin is suspected of committing crimes, the latest sign of distress at the debt-laden company.
China debt crunch
China Evergrande says chairman suspected of crimes
Authorities have taken 'mandatory measures' against Hui Ka-yan: company
China Evergrande Group has acknowledged that its founder and Chairman Xu Jiayin, also known as Hui Ka-yan, is suspected by authorities of crimes. © Reuters
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