Evergrande's billionaire founder is under police control, report says, as Beijing's crackdown on the property giant intensifies

• China has put Evergrande's billionaire founder under police control, Bloomberg reported.
• Other former execs have also been swept up in Beijing's ongoing probe, according to reports.
• The embattled real-estate giant's shares have plunged after saying it would be unable to issue new debt.

Evergrande's billionaire founder has been put under police control by Chinese authorities, Bloomberg reported.