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PwC Fined $166 Million Over Evergrande Audit in Hong Kong
FinanceAPReutersFT+2newsbeastDaily Sabah2mo ago5 sources

PwC Fined $166 Million Over Evergrande Audit in Hong Kong

Hong Kong regulators have fined PwC $166 million for its role in auditing China Evergrande, citing failures in its oversight. The accounting firm is also expected to pay significant compensation to Evergrande shareholders.

China Evergrande Founder Pleads Guilty to Fraud Charges
FinanceAPReutersBBC+17bloombergThe GuardiannosberlingskeDWle-figaroSCMPorf+9 more2mo ago20 sources

China Evergrande Founder Pleads Guilty to Fraud Charges

Xu Jiayin, the billionaire founder of the embattled Chinese property giant Evergrande, has pleaded guilty to fraud charges. This development marks a significant turn for the company, which is the world's most indebted property developer.