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Evergrande sues PwC for 57 B yuan; founder found guilty.

5/19/2026

Summary

Story summary

Evergrande liquidators sued PwC International, PwC Hong Kong and PwC China for 57 billion yuan in a March 2024 claim alleging audit negligence for 2017-2020 statements.
PwC International seeks dismissal, saying it only coordinates the network, while Hong Kong fined PwC HK HK$1.3 billion and mainland China fined PwC 441 million yuan.
Evergrande defaulted in 2021 with $300 billion debt, and saw its founder Hui Ka Yan plead guilty to fraud and bribery in April 2026.

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Story summary

Evergrande liquidators sued PwC International, PwC Hong Kong and PwC China for 57 billion yuan in a March 2024 claim alleging audit negligence for 2017-2020 statements.
PwC International seeks dismissal, saying it only coordinates the network, while Hong Kong fined PwC HK HK$1.3 billion and mainland China fined PwC 441 million yuan.
Evergrande defaulted in 2021 with $300 billion debt, and saw its founder Hui Ka Yan plead guilty to fraud and bribery in April 2026.