Hong Kong court grants tycoon Jimmy Lai bail in national security, fraud case
Hong Kong court grants tycoon Jimmy Lai bail in national security, fraud case

Hong Kong court granted USD1.3 million, which translates to Hong Kong money HK$10 million, bail on Wednesday to media tycoon Jimmy Lai, the highest-profile pro-democracy activist charged under the city's new national security law, on suspicion of colluding with foreign forces. Lai is one of the financial hub's most ardent Beijing critics, while his Next Media group is considered one of the key remaining bastions of media freedom. He was arrested in August when about 200 police officers raided the newsroom of his Apple Daily tabloid.

Lai, 73, who has been in custody since Dec. 3, is also charged with fraud related to the lease of a building that houses Apple Daily. The security law - which punishes what Beijing broadly defines as secession, subversion, terrorism and collusion with foreign forces with up to life in jail - has been condemned by the West and human rights groups as a tool to crush dissent in the semi-autonomous, Chinese-ruled city.

Authorities in Hong Kong and Beijing say the law is necessary to plug gaping holes in national security defences exposed by months of sometimes violent anti-government and anti-China protests that rocked the global financial hub last year. Under the new law, the onus is on the defendant to prove they would not be a national security threat if released on bail. Under Hong Kong's common law-based legal system the onus has traditionally been on the prosecution to prove its case.

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