1. China jailed a billionaire for life. Could India ever do the same?

China jailed a billionaire for life. Could India ever do the same?

India

  • China sentenced Evergrande founder Hui Ka Yan to life on August 20 for fraud and bribery, four months after he pleaded guilty.
  • His firms were fined $2.3 billion, his assets seized, and over 50 executives including his two sons were jailed.
  • India's big corporate fraud cases move far slower — many accused have fled abroad and extradition can take years.
  • But China's courts answer to the Communist Party, so speed comes without independent judicial review or real defence.

Source: scroll.in

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