Six Evergrande Executives Fined for Early Redemption of Investments

Six Evergrande Executives Fined for Early Redemption of Investments
A police officer is seen at the lobby of the Evergrande Center building in Shanghai on Sept. 24, 2021. Hector Retamal/AFP via Getty Images
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Six executives who redeemed Evergrande wealth investment products in advance have returned all the money they received to the designated accounts of Evergrande Wealth, China Evergrande Group announced on the homepage of its official website on Oct. 9; the Group also said the six have been held accountable and punished.

Previously, Evergrande Group said in a statement on Sept. 18 that six executives redeemed 12 investment products in advance from May 1 to Sept. 7. All of them are high-level executives at the headquarters or the Group’s provincial branches.

Kathleen Li
Kathleen Li
Author
Kathleen Li has contributed to The Epoch Times since 2009 and focuses on China-related topics. She is an engineer, chartered in civil and structural engineering in Australia.
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