China's Regulator Accuses Evergrande of $78B Revenue Inflation in Two Years

03/19/2024 Bloomberg Television: China's securities regulator has accused China Evergrande Group of falsely inflating revenue by more than $78 billion in two years and its founder, Hui Ka-Yan, was fined 47 million yuan. In addition, Hui himself is currently under police control on criminal charges, marking the complete downfall of Evergrande, China's largest real estate company, and its founder. More companies may be implicated in the future, as Evergrande is certainly not the only one to inflate its revenue amid China's real estate crisis.
03/19/2024 彭博电视：中国证监会指控恒大地产财务造假 ，两年内虚增收入达780多亿，其创始人许家印被罚4700万人民币。此外，许家印本人目前因受到刑事指控而被警方控制，这标志着中共国最大房地产公司恒大及其创始人的彻底垮台。未来可能会有更多公司受到牵连，因为在中共国房地产危机中，恒大肯定不是唯一一家虚增收入的公司。