Hong Kong’s nationwide safety police have arrested a former high government of Subsequent Digital, the writer of pro-democracy newspaper Apple Every day, over alleged fraud. The tabloid was based by media tycoon Jimmy Lai, who’s going through safety regulation costs.
Stephen Ting Ka-yu, 61, was arrested on Tuesday in Central, after an investigation by the police nationwide safety division. He was detained, a police assertion stated.
Ting was a high government on the firm for 18 years till the top of 2015. Ting served as Subsequent Digital’s chief working and monetary officer and was an government director when he resigned.
Nationwide safety police raided Apple Every day’s headquarters in August final 12 months. Ten folks had been arrested throughout the identical operation, together with Lai, the corporate’s founder, two of his sons, and a number of other senior executives over alleged conspiracy to commit fraud and collusion with overseas forces – a brand new offence beneath the safety regulation imposed by Beijing a month earlier than.
The corporate’s CFO, the CEO on the time, and Lai have all been accused of committing fraud in reference to a secretarial firm working at Apple Every day’s Tseung Kwan O workplace.
Prosecutors stated there might have been a violation of a lease situation which allowed the corporate to make use of its premises solely to run inventive industry-related companies.