Media Mogul Jimmy Lai Charged With Fraud
"); jQuery("#212 h3").html("

"); });
2020-12-02 HKT 23:16
Next Digital founder Jimmy Lai and two of his senior executives have been charged with fraud, after they reported back to police on Wednesday after getting arrested earlier.
They are due to appear at West Kowloon Court tomorrow.
Apple Daily says the three are accused of using Next Digital's headquarters in Tseung Kwan O for purposes not permitted by the lease.
The outspoken media mogul was arrested in August, and was initially accused of breaching the national security law though he hasn’t been charged.
The same day, around 200 police officers raided the Next Digital building and arrested several senior executives of the media company, along with Lai’s two sons.
Seven others who also reported back to police on Wednesday were granted bail and told to return in March next year.
Police say their National Security Department is still investigating the case.
China To Inject US$44 Billion Into State Banks To Boost Tech And Curb Risks
China said it will inject 300 billion yuan (US$44 billion) into state-owned banks this year to guard against systemic r... Read more
Hong Kong Regulators Expand GenAI Sandbox To Insurance, Securities And MPF Sectors
The Hong Kong Monetary Authority (HKMA), Securities and Futures Commission (SFC), Insurance Authority (IA), and Mandato... Read more
South Korea To Cap Crypto Exchange Ownership At 20%
South Korean regulators and lawmakers have agreed to cap major shareholder stakes in cryptocurrency exchanges at 20%, d... Read more
DBS Hong Kong Partners With Know Your Customer To Automate SME Onboarding
Know Your Customer Limited, a provider of automated business verification solutions, has partnered with DBS Hong Kong t... Read more
Hong Kong Banks Extend Loan Repayment Relief For Tai Po Fire Victims
The Hong Kong Monetary Authority (HKMA) and the Hong Kong Association of Banks (HKAB) have met to discuss additional su... Read more
Hong Kong And Macao Deepen Financial Cooperation With Updated Agreement
The Hong Kong Monetary Authority (HKMA) and the Monetary Authority of Macao (AMCM) held a meeting on March 3 to strengt... Read more
