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Reuters
Reuters
World
By Jessie Pang and James Pomfret

Hong Kong tycoon Jimmy Lai jailed over five years on fraud charge

Jimmy Lai Hong Kong Derek Chan Stanley Chan Apple Daily Prison China Democracy Next Digital
FILE PHOTO: Media mogul Jimmy Lai, founder of Apple Daily, leaves the Court of Final Appeal by prison van in Hong Kong, China February 9, 2021. REUTERS/Tyrone Siu

Pro-democracy Hong Kong tycoon Jimmy Lai was sentenced on Saturday to five years and nine months in prison for fraud, convicted of violating a lease contract for the headquarters of a liberal newspaper he used to run.

Lai, 75, was found guilty of two counts of fraud for covering up the operations of a private company, Dico Consultants Ltd, at the headquarters of the now shuttered Apple Daily newspaper, in what was ruled a breach of its land lease.

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