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HomeDaily NewsTuesday, April 14, 2026Founder of China’s Evergrande pleads guilty to fraud - April 2026
Business & Economy3 stories from 1 sources

Founder of China’s Evergrande pleads guilty to fraud - April 2026

Hui Ka Yan, the founder of China's property giant Evergrande, pleaded guilty to charges including embezzlement and bribery, marking a significant development in the fallout from Evergrande's collapse. French cement giant Lafarge was found guilty in a Paris court of financing terrorism by paying millions of dollars to militant groups, including Islamic State, to maintain operations at its Syrian plant during the civil war. Meanwhile, a 20-year-old man was charged with multiple state and federal offenses, including attempted murder, for allegedly attacking the San Francisco home of OpenAI CEO Sam Altman and attempting to damage the company's headquarters.

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Tuesday 9:23 AMCapital Business

Founder of China’s Evergrande pleads guilty to fraud

Founder of China’s Evergrande pleads guilty to fraud

Hui Ka Yan, the founder of China's property giant Evergrande, has pleaded guilty to charges including embezzlement and bribery. This plea marks a significant development in the fallout from Evergrande’s collapse.

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Key Highlights

Hui Ka Yan, the founder of China's property giant Evergrande, has pleaded guilty to charges including embezzlement and bribery. This plea marks a significant development in the fallout from Evergrande’s collapse.

  • The company is accused of diverting millions of dollars in pre-sale funds meant for construction to new projects, leaving hundreds of properties unfinished.
  • The key figure is Hui Ka Yan, founder and chairman of Evergrande.
  • Evergrande, once valued at over $50 billion, collapsed in 2021 due to a debt crisis, affecting investors and banks across China.
Tuesday 7:41 AMCapital BusinessFirst

French cement giant guilty of financing militant groups including Islamic State

French cement giant guilty of financing militant groups including Islamic State

French cement giant Lafarge has been found guilty in a Paris court of financing terrorism by paying millions of dollars to militant groups, including the Islamic State (IS), to maintain operations at its Syrian plant during the civil war.

Read Story

Key Highlights

French cement giant Lafarge has been found guilty in a Paris court of financing terrorism by paying millions of dollars to militant groups, including the Islamic State (IS), to maintain operations at its Syrian plant during the civil war.

  • Lafarge paid approximately $6.5m to groups between 2013 and 2014, including IS and the Nusra Front.
  • Eight ex-Lafarge employees, including former CEO Bruno Lafont (jailed for six years), were also found guilty of financing terrorism.
  • The court stated these payments allowed proscribed organisations to fund attacks across the Middle East and Europe and called the payments a "genuine commercial partnership with IS".
Tuesday 2:09 PMCapital Business

Man charged with attempted murder over attack on home of OpenAI’s Sam Altman

Man charged with attempted murder over attack on home of OpenAI’s Sam Altman

A 20-year-old man has been charged with multiple state and federal offenses, including attempted murder, for allegedly attacking the San Francisco home of OpenAI CEO Sam Altman and attempting to damage the company's headquarters.

Read Story

Key Highlights

A 20-year-old man has been charged with multiple state and federal offenses, including attempted murder, for allegedly attacking the San Francisco home of OpenAI CEO Sam Altman and attempting to damage the company's headquarters.

  • The suspect, Daniel Moreno-Gama, faces two counts of attempted murder, possession of an unregistered firearm, and attempted destruction of property with explosives.
  • Authorities recovered documents from the suspect advocating against artificial intelligence (AI) and calling for violence against AI executives.
  • The incidents occurred around 4:00 AM PST on Friday, April 14th, with no injuries reported.
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