Evergrande: Chinesischer Immobilienriese und sein Gründer werden wegen Betrugs im Wert von 78 Milliarden US-Dollar angeklagt

10 comments

1. Wow, and it was only a decade ago when they banned and prosecuted an investment analyst for publicly saying the same thing:

   https://www.institutionalinvestor.com/article/2bswuziii3me2ouem1urk/portfolio/andrew-left-was-banned-from-trading-in-hong-kong-for-saying-china-evergrande-group-was-insolvent-was-he-right-all-along

2. From the article:

   >Last September, Mr Hui who is also the company’s chairman was put under police surveillance as he was investigated over suspected “**illegal** crimes”.

   sums it up. There are crimes and illegal crimes, the latter comes into picture when s**t hits the fan.

3. Makes you wonder what kind of spin the BBC is trying to do by leaving out from their headline that China is the one accusing Evergrande of fraud.

4. The CCPs house of cards in toppling down

5. How much ? damn

6. *Casually sets materiality to 79 billion*

   Nothing to see here people

7. Respect to China for actually prosecuting someone like that. In Austria Signa is collapsing due to fraud (real estate evaluation fraud, money laundering and other things) and Rene Benko and the conservative politicians making this possible are all walking away as millionaires. Not even gonna start about Trump…

   Pretty sad when fucked up commie dictatorships are more economically liberal than the West.

8. There were ppl rioting like one or 2 years ago at EG headquarters. **people rioting in CHINA** .. oh by the way, did you know that EG is not the only one in “trouble” .. look up country garden. Same shit. Slightly better at hiding crime.

9. Damn Trump really isn’t the best at anything I guess

10. How does a company amass $300 BILLION in debt?