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Reuters
Reuters
World
By Jessie Pang and James Pomfret

UNCOVERED: Hong kong tycoon jimmy lai jailed over five years on fraud charge - Caught on Camera

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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