Suspicious Circumstances Surround Chinese Real Estate Firm Evergrande’s Bankruptcy

By Franco Faraudo

Last year one of China's leading property service firms was under investigation for its handling of deposits for undeveloped homes by prospective buyers. The company was Evergrande Property Services, a unit of the developer Evergrande Group, and the misuse of deposit funds led to the resignation of the CEO and CFO. The scandal also raised […]

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