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Evergrande founder joins checklist of Chinese language tycoons investigated

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By Kane Wu

The founder of China Evergrande , the world’s most indebted property developer, is being investigated for “illegal crimes”, a fresh challenge for the tycoon and his embattled company as it struggles to stay afloat.

Hui Ka Yan, 64, who founded Evergrande in 1996 in the southern Chinese province of Guangdong, is the latest tycoon to come under scrutiny since Chinese President Xi Jinping took power in 2012.

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