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 “
Jimmy Lai jailed over fraud
Jailed Hong Kong media tycoon Jimmy Lai found guilty of fraud in office lease case
Hong Kong billionaire’s last interview as a free man – BBC News
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit