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

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

Another Next Digital executive, Wong Wai-keung, 61, was found guilty of fraud and jailed for 21 months. Western governments including the United States have expressed concern about Lai's plight and condemned what they call a broader deterioration in protection for human rights and fundamental freedoms under a China-imposed National Security Law.

Chan issued an order preventing Lai from becoming a director of any company for eight years and fined him HK$2 million .

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