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HomeDaily NewsThursday, February 26, 2026Jimmy Lai Wins Appeal Against 2022 Fraud Conviction - February 2026
Business & Economy3 stories from 1 sources

Jimmy Lai Wins Appeal Against 2022 Fraud Conviction - February 2026

Hong Kong media tycoon Jimmy Lai has won an appeal against a 2022 fraud conviction that carried a nearly 6-year jail sentence, with the Hong Kong Court of Appeal overturning the convictions of Lai and another defendant on Thursday. Separately, Bill Gates addressed his ties to convicted sex offender Jeffrey Epstein in a staff meeting, stating he took responsibility for his actions and calling his association with Epstein a huge mistake, according to the Bill and Melinda Gates Foundation. Meanwhile, a prominent businesswoman, Vasundhara Oswal, has filed a constitutional and human rights petition in Uganda following her alleged arbitrary detention, a case raising concerns about the protection of foreign investors within the East African Community. These three stories involve prominent figures challenging legal decisions or facing accountability for their actions in different jurisdictions.

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Thursday 1:37 PMCapital Business

Hong Kong tycoon Jimmy Lai wins appeal against fraud conviction

Hong Kong tycoon Jimmy Lai wins appeal against fraud conviction

Hong Kong media tycoon Jimmy Lai has won an appeal against a 2022 fraud conviction that carried a nearly 6-year jail sentence. The Hong Kong Court of Appeal overturned the convictions of Lai and another defendant on Thursday.

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Key Highlights

Hong Kong media tycoon Jimmy Lai has won an appeal against a 2022 fraud conviction that carried a nearly 6-year jail sentence. The Hong Kong Court of Appeal overturned the convictions of Lai and another defendant on Thursday.

  • Lai, a 78-year-old British citizen and critic of Beijing, will remain in prison due to a previous 20-year sentence for colluding with foreign forces.
  • Lai was detained in 2020 and founded the pro-democracy newspaper Apple Daily, which was shuttered in 2021.
  • Critics argue Lai's trials and detention highlight the shrinking civil liberties in Hong Kong following the introduction of a national security law.
Wednesday 10:33 PMCapital BusinessFirst

Bill Gates ‘took responsibility’ over Epstein ties in staff meeting, foundation says

Bill Gates ‘took responsibility’ over Epstein ties in staff meeting, foundation says

Bill Gates addressed his ties to convicted sex offender Jeffrey Epstein in a staff meeting, stating he "took responsibility for his actions" and calling his association with Epstein a "huge mistake."

Read Story
Thursday 2:18 PMCapital Business

Businesswoman demands justice after arrest in Uganda

Businesswoman demands justice after arrest in Uganda

A prominent businesswoman, Vasundhara Oswal, has filed a constitutional and human rights petition in Uganda following her alleged arbitrary detention. The case raises concerns about the protection of foreign investors within the East African Community.

Read Story

Key Highlights

A prominent businesswoman, Vasundhara Oswal, has filed a constitutional and human rights petition in Uganda following her alleged arbitrary detention. The case raises concerns about the protection of foreign investors within the East African Community.

  • Oswal was reportedly detained for 21 days in October 2024 without formal charges.
  • The key figure is Vasundhara Oswal, Global Executive Director of Oswal Group and PRO Industries.
  • Allegations include denial of medication and legal counsel, degrading treatment, and extortion attempts against her family.
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Key Highlights

Bill Gates addressed his ties to convicted sex offender Jeffrey Epstein in a staff meeting, stating he "took responsibility for his actions" and calling his association with Epstein a "huge mistake."

  • Bill Gates acknowledged two affairs with Russian women that Epstein later discovered.
  • The Gates Foundation statement confirmed Gates spoke candidly and answered staff questions about the Epstein files.
  • Gates insisted he "did nothing illicit" and "never spent any time with victims" associated with Epstein.