Hong Kong’s top court orders tycoon Jimmy Lai returned to jail

by BLOOMBERG

Hong Kong’s highest court sent media tycoon Jimmy Lai back to jail until he faces trial on national security charges, overturning a lower court’s decision that Chinese state media had criticized as “unbelievable.”

The Court of Final Appeal ruled Lai must be returned to custody after a hearing Thursday in Hong Kong. A lower court had released the Next Digital Ltd. founder from jail last week on HK$10 million ($1.3 million) bail and placed him under house arrest pending a trial next year.

While the decision avoids a showdown with Beijing, it could fuel concern about the risk of pre-trial imprisonment for people charged under the sweeping national security enacted by Beijing in June. The People’s Daily newspaper — the official mouthpiece of the ruling Communist Party — blasted the decision in a commentary Saturday, warning that the case could be transferred to mainland courts under the security law.