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Hong Kong security law

Hong Kong tycoon Jimmy Lai jailed more than 5 years for fraud

Pro-democracy figure still faces national security trial on Tuesday

Hong Kong media tycoon Jimmy Lai in 2020.    © AP

HONG KONG (Reuters) -- 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, at the headquarters of the now shuttered Apple Daily newspaper, in what was ruled a breach of its land lease.

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