Berliner Boersenzeitung - Hong Kong media tycoon Jimmy Lai jailed over lease violation

EUR -
AED 3.890841
AFN 71.749675
ALL 98.148629
AMD 409.298146
ANG 1.899982
AOA 966.614534
ARS 1057.69071
AUD 1.626972
AWG 1.904101
AZN 1.80471
BAM 1.955791
BBD 2.12858
BDT 125.979429
BGN 1.954618
BHD 0.3993
BIF 3113.415288
BMD 1.059305
BND 1.417307
BOB 7.284967
BRL 6.088884
BSD 1.054185
BTN 88.957097
BWP 14.382799
BYN 3.449584
BYR 20762.381954
BZD 2.12498
CAD 1.485003
CDF 3040.205874
CHF 0.935642
CLF 0.037348
CLP 1030.545427
CNY 7.666726
CNH 7.66303
COP 4657.764972
CRC 536.897568
CUC 1.059305
CUP 28.071588
CVE 110.264501
CZK 25.2773
DJF 187.728264
DKK 7.459775
DOP 63.519712
DZD 141.434215
EGP 52.388255
ERN 15.889578
ETB 130.501909
FJD 2.402133
FKP 0.836128
GBP 0.835538
GEL 2.886604
GGP 0.836128
GHS 16.814924
GIP 0.836128
GMD 75.210376
GNF 9084.958848
GTQ 8.144963
GYD 220.559001
HKD 8.243359
HNL 26.629879
HRK 7.556298
HTG 138.489373
HUF 406.359853
IDR 16746.661864
ILS 3.954995
IMP 0.836128
INR 89.398738
IQD 1381.080707
IRR 44588.803307
ISK 144.499542
JEP 0.836128
JMD 167.320822
JOD 0.751155
JPY 163.210859
KES 136.788279
KGS 91.639576
KHR 4259.980704
KMF 492.311855
KPW 953.37428
KRW 1473.678884
KWD 0.325695
KYD 0.878488
KZT 526.017617
LAK 23160.895089
LBP 94406.572371
LKR 307.148609
LRD 193.449124
LSL 19.092814
LTL 3.127853
LVL 0.640763
LYD 5.148952
MAD 10.555352
MDL 19.155913
MGA 4927.931158
MKD 61.539826
MMK 3440.581974
MNT 3599.519019
MOP 8.452962
MRU 42.03281
MUR 49.252555
MVR 16.37726
MWK 1828.091719
MXN 21.407769
MYR 4.733507
MZN 67.716106
NAD 19.092814
NGN 1766.6986
NIO 38.799824
NOK 11.657919
NPR 142.331355
NZD 1.798664
OMR 0.407854
PAB 1.054195
PEN 4.007182
PGK 4.240981
PHP 62.151029
PKR 292.863109
PLN 4.321466
PYG 8216.923996
QAR 3.844783
RON 4.976511
RSD 116.983314
RUB 105.663248
RWF 1448.207111
SAR 3.976658
SBD 8.865876
SCR 14.723756
SDG 637.159357
SEK 11.563275
SGD 1.418457
SHP 0.836128
SLE 23.993433
SLL 22213.105444
SOS 602.502959
SRD 37.504706
STD 21925.478947
SVC 9.224871
SYP 2661.535948
SZL 19.085733
THB 36.671042
TJS 11.217049
TMT 3.707568
TND 3.332085
TOP 2.481002
TRY 36.651812
TTD 7.156968
TWD 34.362276
TZS 2811.376951
UAH 43.66069
UGX 3870.982466
USD 1.059305
UYU 45.209795
UZS 13506.938818
VES 48.444394
VND 26901.055598
VUV 125.762842
WST 2.957147
XAF 655.950933
XAG 0.033699
XAU 0.000404
XCD 2.862825
XDR 0.801989
XOF 655.947837
XPF 119.331742
YER 264.667734
ZAR 19.009618
ZMK 9535.007948
ZMW 29.070731
ZWL 341.095843
  • RBGPF

    59.7500

    59.75

    +100%

  • CMSC

    0.0540

    24.624

    +0.22%

  • SCS

    -0.0300

    13.2

    -0.23%

  • CMSD

    -0.0500

    24.39

    -0.21%

  • VOD

    0.1500

    8.92

    +1.68%

  • RELX

    0.5900

    45.04

    +1.31%

  • BCC

    1.4500

    141.54

    +1.02%

  • NGG

    0.1500

    62.9

    +0.24%

  • RIO

    1.1400

    62.12

    +1.84%

  • RYCEF

    0.0800

    6.93

    +1.15%

  • BCE

    0.4100

    27.23

    +1.51%

  • GSK

    0.3400

    33.69

    +1.01%

  • JRI

    0.1300

    13.23

    +0.98%

  • AZN

    0.1600

    63.39

    +0.25%

  • BP

    0.4400

    29.42

    +1.5%

  • BTI

    0.2900

    36.68

    +0.79%

Hong Kong media tycoon Jimmy Lai jailed over lease violation
Hong Kong media tycoon Jimmy Lai jailed over lease violation / Photo: PETER PARKS - AFP/File

Hong Kong media tycoon Jimmy Lai jailed over lease violation

Hong Kong pro-democracy media tycoon Jimmy Lai received a fresh jail sentence of five years and nine months on Saturday after being found guilty of fraud in a contractual dispute.

Text size:

Lai, the 75-year-old founder of the now-shuttered Apple Daily newspaper, had recently completed a 20-month jail term resulting from multiple convictions for his part in protests and unauthorised assemblies.

He also faces a possible life sentence at his upcoming trial on national security charges.

While the earlier convictions were related to his role in the huge democracy protests that swept Hong Kong in 2019, the latest case involved one of his companies violating the terms of the lease on his newspaper's offices.

Lai and former Apple Daily executive Wong Wai-keung were both found guilty of fraud in October in what District Judge Stanley Chan described as a "planned, organised and years-long" scheme.

Prosecutors said that a consultancy firm Lai operated for his personal use had taken up office space that Apple Daily had rented for the purposes of publication and printing.

This was in breach of the terms of the lease Apple Daily signed with a government company and amounted to fraud, prosecutors said.

Defence lawyers previously argued the case should have been a civil suit instead of a criminal prosecution, adding that the square footage involved was minimal.

In addition to his jail term, Lai was fined HK$2 million ($257,000) and banned from managing companies for eight years.

Co-defendant Wong, 61, was jailed for 21 months with the judge comparing him to "the getaway driver for a robbery".

The judge said the sentence was in response to a "simple case of fraud", which dated back to the 1990s when the lease first came into effect.

He criticised Apple Daily for abusing its reputation as a well-known media company as a "protective shield", which he claimed discouraged the landlord from taking action against the breach of lease terms.

But he said the case had nothing to do with politics or press freedom.

"Don't draw any connection to politics," Chan said.

One of Hong Kong's best-known pro-democracy activists, Lai has long been openly loathed by Beijing.

For years, Apple Daily was scathing in its criticism of China's Communist Party and openly supportive of democracy.

It collapsed last year after its funds were frozen and many of its senior staff were charged alongside Lai under the sweeping national security law Beijing imposed on Hong Kong -- primarily over their campaign for international sanctions against China.

(G.Gruner--BBZ)