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Hong Kong Billionaire Jimmy Lai Sentenced to Jail for 5 Years for Violating Office Lease Contract of Newspaper Apple Daily by Using Premise to Run Private Consulting Firm, Personal Fortune of $1.2 Billion and Founder of Fashion Group Giordano & Media Group Next Digital
15th December 2022 | Hong Kong
Hong Kong billionaire Jimmy Lai (Age 75) had been sentenced to jail for 5 years & 9 months for violating office lease contract of newspaper Apple Daily by using premise to run his private consulting firm (Dico Consultants Ltd). Hong Kong District Court Judge Stanley Chan also issued an order to disallow Jimmy Lai from becoming a director of any company for 8 years and a fine of $260,000 (HKD 2 million). Wong Wai-keung, a Next Digital senior executive, is also found guilty of fraud and sentenced to 21 months in jail. Jimmy Lai has an estimated personal fortune of $1.2 billion, and is the founder of fashion group Giordano & media group Next Digital (parent company of Apple Daily).
“ Hong Kong Tycoon Jimmy Lai Sentenced to Jail for 5 Years for Violating Lease Contract of Newspaper Apple Daily by Using Premise to Run Private Consulting Firm, Personal Fortune of $1.2 Billion and Founder of Fashion Group Giordano & Media Group Next Digital “
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Jimmy Lai jailed over fraud
Jailed Hong Kong media tycoon Jimmy Lai found guilty of fraud in office lease case
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