Media tycoon Jimmy Lai granted cash bail of HK$10m

Media tycoon Jimmy Lai Chee-ying, who was accused of violating the national security law, has been granted bail after his lawyers successfully challenged the court’s decision to remand him in custody.

Lai has been granted a cash bail of HK$10 million and has to report to the police three times a week. Apart from reporting to the police and attending court hearings, Lai will have to be confined at home. He will also need to surrender his travel documents.

Lai had been kept behind bars since December 3 when he appeared in court over a fraud charge in relation to his business use of Next Digital's headquarters in Tseung Kwan O.

He is the only one of the four people charged so far under the national security law to have been allowed bail.