STORY: The founder of China Evergrande Group pleaded guilty to multiple charges on Monday and Tuesday.
Hui Ka Yan faced charges including misuse of funds, fundraising fraud and illegally taking public deposits.
A court in Shenzhen city said he "pleaded guilty and expressed remorse".
China Evergrande is the world's most indebted property developer.
It has defaulted since 2021 on most of its $300 billion liabilities.
Reuters wasn't able to seek comment from 67 year-old Hui.
He hadn't been seen in public since Chinese authorities detained him three years ago after Evergrande defaulted.
The court said Hui and the company also face charges of illegally extending loans, fraudulently issuing securities and bribery by units.
A date for the verdicts hasn't been announced.
Evergrande's failure to repay billions of dollars of wealth management products led to protests.
That's as ordinary investors, many of them on lower incomes, saw their holdings wiped out.
Illegal fundraising can lead to jail for life and confiscation of property as maximum penalties, while bribery can also bring life terms.
