December 3, 2020
1 min read

Media Tycoon Jimmy Lai Denied Bail In Fraud Case

https://www.youtube.com/watch?v=TrzUzhN6C6Y

Hong Kong media mogul Jimmy Lai was denied bail on Thursday after he was charged with fraud and is likely to spend Christmas behind bars.

The West Kowloon Court charged Lai and two senior executives from Next Digital — Royston Chow and Wong Wai-keung — with defrauding a government-owned enterprise by breaching land-lease terms, the South China Morning Post newspaper said in a report.

Lai is the founder of Next Digital which publishes Apple Daily, a tabloid which is frequently critical of Hong Kong and mainland Chinese leadership.

With the next hearing expected on April 16, 2021, Lai could spend the next four months and 13 days in prison.

While Lai was denied bail, the court granted it to Chow and Wong.

The three men were arrested in August.

Lai was accused of “colluding with foreign forces” under the new national security law imposed on the city by China, the BBC reported.

The 72-year-old tycoon became the most high-profile person in Hong Kong to be detained under the law, and his newspaper offices were raided by hundreds of police officers.

He was later released on bail.

However, he told the BBC then the arrest was “just the beginning”.

Thursday’s development came a day after three prominent pro-democracy activists, Joshua Wong, Ivan Lam and Agnes Chow, were jailed.

Also Read-Russia sees record surge in daily Covid-19 cases

Previous Story

India Daily Digital – December 3, 2020 – Rajni Read For Political Plunge

Next Story

Poverty to hit 1 Billion people by 2030: UNDP

Latest from -Top News

India-US Trade Deal Likely This Week

The interim trade deal would be an initial step towards a comprehensive bilateral free trade agreement between Indian and the US….reports Asian Lite News India is expected to finalise an interim trade

One Year Later, Hasina’s Son Raises Red Flag

Hasina’s abrupt exit last August after violent student protests was widely seen as a blow to democracy in the Muslim-majority nation of 170 million….reports Asian Lite News Sajeeb Wazed, son of former

Global South Finds Its Campus in India

The question is no longer if India can attract global talent, but whether it can build the conditions to do so at scale—with care and vision. Done right, India could emerge as

Jaishankar Gets Real on India-US Ties

The EAM underlined the structural drivers of the bilateral relationship, saying, “The trend line over the last 25 years has actually been very strong….reports Asian Lite News External Affairs Minister S. Jaishankar

Polls Early Next Year, Yunus Tells US

The Chief Advisor invited Rubio to visit Bangladesh ahead of the general election to witness the country’s transition to democracy firsthand…reports Asian Lite News Bangladesh’s interim Chief Advisor Muhammad Yunus has urged
Go toTop