this post was submitted on 19 Mar 2024
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Evergrande: China property giant and its founder accused of $78bn fraud (www.bbc.com)
submitted 8 months ago by filoria@lemmy.ml to c/worldnews@lemmy.ml
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[–] pudcollar@lemmy.ml 102 points 8 months ago* (last edited 8 months ago) (1 children)

If a billionaire is in actual trouble, he's in China. US would have bailed out Evergrande.

[–] Gradually_Adjusting@lemmy.world 36 points 8 months ago (1 children)

I have pretty severe concerns about how the Chinese government operates, but this is one thing they do right.

[–] Crikeste@lemm.ee 17 points 8 months ago (11 children)

I have pretty severe concerns about the way the American government operates.

[–] skozzii@lemmy.ca 9 points 8 months ago* (last edited 8 months ago)

We have traded the literal genocide and opression for corporations performing economic genocide and opression on us.

But hey, aren't billionaires cool?

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[–] yogthos@lemmy.ml 47 points 8 months ago (3 children)

Imagine living in a country where the rich are actually subject to the laws like everyone else...

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[–] Sodium_nitride@lemmygrad.ml 31 points 8 months ago (7 children)

he was investigated over suspected "illegal crimes"

Are there any legal crimes you guys know of that I can try?

[–] brain_in_a_box@lemmy.ml 31 points 8 months ago (1 children)

Insider trading while being a member of congress

[–] orcrist@lemm.ee 6 points 8 months ago

Accepting bribes if you're a Supreme Court justice.

[–] Lemmygradwontallowme@hexbear.net 15 points 8 months ago

Idk, piracy and jaywalkin'...

Then there's loitering?

[–] D61@hexbear.net 13 points 8 months ago

TFW: A writer gets paid by the word...

[–] Crikeste@lemm.ee 5 points 8 months ago

Lobbying is just corruption with a different name.

[–] lorty@lemmygrad.ml 5 points 8 months ago (1 children)

Anything with a fine you can easily pay.

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[–] Parsani@hexbear.net 30 points 8 months ago

Smh first they come for the corrupt property developers

[–] Blizzard@lemmy.zip 28 points 8 months ago (1 children)

Fun fact: his last name means a 'dick' in Polish (the most vulgar version of that word).

[–] avidamoeba@lemmy.ca 10 points 8 months ago

Not only in Polish. Pretty sure it's most of Eastern Europe. 🤭

[–] filoria@lemmy.ml 25 points 8 months ago (1 children)

Gee it sure sucks that Evergrande collapsed. What a horrible sign for the Chinese economy!

[–] turkishdelight@lemmy.ml 12 points 8 months ago

Chinese do not fool around. I expect they will make an example of this guy.

[–] Kusimulkku@lemm.ee 6 points 8 months ago (1 children)

Man all these bad news about Chinese property market, hopefully there isn't a collapse there as predicted.

[–] orcrist@lemm.ee 3 points 8 months ago (8 children)

I hope that the property market collapses and property prices go way down. Surely there are large numbers of people who would like to buy property but cannot afford it at the moment. I hope that happens in many countries.

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[–] PoliticallyIncorrect@lemm.ee 5 points 8 months ago

He is fucked.. he is a dead man..

[–] peepee_longstonking@lemmy.whynotdrs.org 5 points 8 months ago

Now do Ken Griffin

[–] frauddogg@lemmygrad.ml 4 points 8 months ago

Based. Wish that were us; we've got OODLES of real estate clowns who need to be shoved in a Brazen

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