Biggest fraud in Chinese history? Beijing accuses Evergrande of inflating revenues by $78 billion
By Laura He, CNN Hong Kong (CNN) — Chinese regulators have accused Evergrande and its founder of inflating revenues by $78 billion, putting the insolvent property developer at the heart of the country’s biggest ever financial fraud case. The China Securities Regulatory Commission (CSRC) slapped a penalty of 4.175 billion yuan ($580 million) on Hengda
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