Tycoon sues Standard over reports of kidnap bid
Billionaire property tycoon Samuel Tak Lee has filed a High Court writ against The Standard Newspapers Publishing over what it describes as defamatory statements in two articles reporting a bungled kidnapping of a girl said to be his granddaughter. Lee, head of Prudential Enterprise, is seeking damages over articles headlined 'School kidnap foiled' and 'Hunt on for foiled gang' published on April 26 and 27. He also wants an injunction restraining the newspaper from publishing the articles or similar statements and an order for it to run an apology. A divorce battle between Lee's son Samathur Li Kin-kan and Florence Tsang Chiu-wing made headlines last year and ended with Tsang winning a HK$1.2 billion settlement.
MTR 'breached land lease with fibre-optic network'
The Lands Department is investigating claims that the MTR Corp made HK$200 million a year by building and leasing out a fibre-optic network in its tunnels, in breach of its land lease. The new transport chief, Anthony Cheung Bing-leung, told lawmakers that he hoped the company would respect the lease. The MTR Corp said the network, which supports phone and internet functions, was to meet passengers' needs.