Hong Kong fraud probe deals latest blow to Apple Daily publisher

Government dusts off investigative tool not used in over two decades

20210728 Next Digital Apple Daily

Apple Daily publisher Next Digital's Hong Kong headquarters: The company is now the target of a fraud investigation. © Reuters

KENJI KAWASE, Nikkei Asia chief business news correspondent

HONG KONG -- The Hong Kong government will investigate the publisher of the now defunct Apple Daily for fraud, in the latest setback for the company after being forced to shut down the pro-democracy local newspaper last month.

The territory's financial secretary Paul Chan Mo-po told a hastily called new conference on Wednesday evening he had appointed a special inspector to investigate Hong Kong-listed Next Digital. Apple Daily published its final issue on June 24, after its assets were frozen by the government.

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