Fraud allegations deepen crisis for Chinese real estate giant Evergrande, which is already in liquidation. : The developer, at one time China's largest, is in liquidation after several years in a debt crisis. The China Securities Regulatory Commission, or CSRC, has accused Hengda Real Estate — Evergrande's flagship onshore unit in China — and its founder Hui Ka Yan, also known as Xu Jiayin, of inflating its revenue by 564 billion Chinese yuan, or $78 billion, in 2019 and 2020, according to an exchange filing released on Monday. It also issued bonds based on the falsified results, the CSRC alleges.