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Xia Haijun, the former Executive President of Evergrande, faces accusations of withholding cooperation in the disclosure of his overseas assets. A ruling by the High Court of Hong Kong reveals that his wife possesses properties, vehicles, and trust assets valued at approximately US$24 million in California, USA. Evergrande's liquidators contend that Xia Haijun is the de facto controller of these assets, a stance endorsed by the court. Notably, Xia Haijun resides in California yet has failed to accurately declare his place of residence, sharing an address with his wife and children. Furthermore, he is suspected of asset concealment and repeatedly procrastinated on disclosure until a court-issued ultimatum compelled him to partially cooperate.
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