Former top stockbroker Arthur Lai Cheuk-kwan lost his fight for legal aid yesterday when a judge refused to interfere with the decision to refuse him public funding. Mr Justice James Findlay agreed it was desirable that lawyers represent Lai and businessman Peter Mou Chi-luen at their fraud trial due to start next year. But he said it was for the Legal Aid Department to decide whether they received public funding. The judge said both men had been given ample opportunity to provide details of their finances to the department. Lai and Mou argued in the Court of First Instance the department should have given them a chance to supply more information after it decided the material they had provided was insufficient. However, the judge said: 'The courts do not work on that basis - there is no reason why the courts should expect the administrative authorities to do so.' Lai, Mou, and three others face fraud and corruption charges arising from a 1990 takeover deal of Bond Corporation International by Tomson Pacific.