December 23, 2020
2 mins read

Hong Kong media tycoon Jimmy Lai gets bail

Lai, 73, was remanded in custody earlier this month but will now be placed under house arrest. He was ordered to pay a $1.3 million bond…reports Asian Lite News

Hong Kong’s high court has granted bail to pro-democracy media mogul Jimmy Lai, the most high-profile person charged under a controversial new security law.

Lai, 73, was remanded in custody earlier this month but will now be placed under house arrest. He was ordered to pay a $1.3 million bond, the BBC reported on Wednesday.

The founder of Apple Daily newspaper is a fierce critic of China’s authorities.

He is accused of fraud and conspiring with foreign forces, and could spend years in jail if convicted.

Beijing has said the new security law will return stability to the territory after a year of unrest, but critics say it is aimed at silencing dissent.

Judge Alex Lee set a number of other conditions for bail, including Lai having to remain at home, surrender all travel documents and hold no meetings with foreign officials or foreign institutions deemed to be hostile to China.

Lai has also been banned from posting on social media, issuing statements or speaking to the media.

He was charged under the security law on December 11. However, he has been in custody since December 2, after being denied bail on a separate charge of fraud related to the lease of a building that houses the newspaper.

His legal team appealed against the denial of bail, leading to Wednesday’s hearing. Both the security law and fraud cases in which he is charged are set to return to court in April.

One of the city’s most prominent supporters of the pro-democracy movement, Lai is estimated to be worth more than $1 billion.

Having made his initial fortune in the clothing industry, he later ventured into media and founded Next Digital, the parent company of Apple Daily – a tabloid that is critical of the mainland Chinese leadership.

In a local media landscape increasingly fearful of Beijing, Lai is a persistent thorn for China – both through his publications and writing that openly criticises the Chinese leadership.

It has seen him become a hero for many residents in Hong Kong. But on the mainland he is viewed as a “traitor” who threatens Chinese national security.

Also read:China seeks Pak’s additional guarantees for $6B loan

Previous Story

Sydney extends curbs for Christmas

Next Story

Nepal PM Oli removed as parliamentary party leader

Latest from -Top News

Islamists Rise Under Yunus Rule

After the departure of former Prime Minister Sheikh Hasina in August 2024, Islamic parties in Bangladesh, crushed for years by the Awami League government, have made inroads into the political arena…writes Baidya

TIES WITH CHINA: Is Bangladesh Going Lanka Way?

Plans for nine Special Economic Zones, including Chinese-developed sites in Chattogram and Chandpur, promise jobs but risk creating enclaves where Beijing’s economic priorities overshadow Bangladesh’s….reports Asian Lite News On a humid March

Khaleda Zia’s Son Return Looms as Yunus Faces Heat

The core question remains whether Rahman can provide leadership in politically turbulent times in Bangladesh….reports Asian Lite News Speculation is mounting in Bangladesh over the possible return of Tarique Rahman, son of

India Eyes Top 5 Spot in Global Entertainment

With focused investments, policy support, and infrastructural upgrades, India is on track to position itself as one of the top five live entertainment destinations globally by 2030…reports Asian Lite News Fueled by
Go toTop