深圳中级人民法院判处恒大集团创始人许家印无期徒刑,并没收其全部个人财产1。法院同时对恒大集团及相关企业处以158.2亿元罚款1。许家印因挪用资金和企业贿赂等罪名遭控,法院认定其及其业务"严重扰乱"了中国房地产市场,造成重大经济损失1。
除许家印外,其他恒大高管包括其两个儿子也被判处22个月至18年不等的刑期1。恒大曾在2021年陷入困境,股票市值从超500亿美元缩水99%,并于2025年8月从香港交易所除牌1。恒大的困难始于2020年北京推出的房地产债务控制措施1。此前在2024年3月,许家印因虚报营收780亿美元被罚650万美元并被终身禁入中国资本市场1。调查显示,恒大曾挪用预售资金用于新项目开发,最终导致数百个烂尾项目1。
Xu Jiayin, the founder of Evergrande Group, has been sentenced to life imprisonment by the Shenzhen Intermediate People's Court, with all his personal assets subject to confiscation 1. The court simultaneously imposed a fine of 15.82 billion yuan on Evergrande and its affiliated enterprises 1. Prosecutors determined that Xu and his business operations "seriously disrupted" China's real estate market and caused substantial economic losses 1.
Several other Evergrande executives, including two of Xu's sons, received sentences ranging from 22 months to 18 years 1. The charges against Xu included embezzlement of funds and corporate bribery 1. The company had misappropriated presale funds intended for property purchases, diverting them to develop new projects, which resulted in hundreds of unfinished residential projects 1.
Evergrande's collapse began following Beijing's 2020 implementation of debt control measures targeting the real estate sector 1. The company's stock market value subsequently plummeted by 99 percent from over 50 billion dollars, and it was delisted from the Hong Kong Stock Exchange in August 2025 1. In March 2024, Xu was separately penalized 6.5 million dollars for falsely reporting revenues of 78 billion dollars and was banned for life from China's capital markets 1.
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