Hong Kong tycoon Jimmy Lai wins appeal against fraud conviction

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Hong Kong media tycoon Jimmy Lai, a prominent pro-democracy figure, won an appeal against a 2022 fraud conviction on Thursday. The Court of Appeal overturned the conviction of Lai and another defendant accused of illegally subletting office space related to his Apple Daily newspaper. However, Lai will remain imprisoned, as he was recently sentenced to 20 years for colluding with foreign forces under Hong Kong's national security law. Lai, a British citizen and critic of Beijing, founded Apple Daily, which was critical of the Chinese government and later shut down after his arrest. Critics view Lai's case as evidence of shrinking civil liberties in Hong Kong, while authorities maintain the national security law is necessary for stability.
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