Hong Kong government freezes assets of media tycoon Jimmy Lai

Jailed media tycoon Jimmy Lai. - AFP

HONG KONG (Reuters): Hong Kong's Security Bureau said on Friday (May 14) it has frozen assets belonging to jailed media tycoon Jimmy Lai Chee-ying, in the first use of seizure powers granted to authorities under the national security law.

The assets included all the shares of Next Digital Limited held by Lai, and the property in the local bank accounts of three companies owned by him, according to a government statement issued on behalf of the Security Bureau.

Lai was sentenced to 14 months in prison for taking part in unauthorised assemblies during mass pro-democracy protests in 2019.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

Hong Kong , Jimmy Lai , assets , seized


Next In Aseanplus News

Asean News Headlines as at 8pm on Wednesday (June 16)
Vietnam's pangolin defender wins top environmental prize
DIY Covid-19 test kits go on sale in Singapore, prices range from S$10 to $13
Thailand to fully reopen in 120 days to revive sagging economy
VietQR launched to promote digital transformation in banking sector
Seven more Covid deaths, 693 infections in Cambodia
Misadventure verdict overturned in Nora Anne's death inquest
McDonald's BTS meal in Singapore available via delivery only amid Covid-19
Vietnam sees 176 Covid-19 cases, one with unknown infection source
Singapore reviews timing of next stage of reopening amid latest outbreak of Covid-19 cases

Stories You'll Enjoy