Hello and welcome to the details of Hong Kong freezes media tycoon Jimmy Lai’s assets, says security bureau and now with the details
Subscribe to our Telegram channel for the latest updates on news you need to know.
HONG KONG, May 14 — Hong Kong authorities today announced they had frozen the assets of billionaire pro-democracy tycoon Jimmy Lai, including his shares in his media publications, for breaching the city’s national security law.
The security bureau said it had issued an order to freeze Lai’s shares in Next Digital media group and “the property in the local bank accounts of three companies owned by him”.
A rags to riches billionaire, media tycoon Lai has long been a thorn in Beijing’s side thanks to his caustic tabloids and unapologetic support for democracy.
His Apple Daily newspaper has staunchly backed Hong Kong’s pro-democracy cause, including the huge and often violent protests that swept the international financial hub in 2019.
Lai, 73, was detained last year under a sweeping national security law that Beijing imposed on Hong Kong in a bid to stamp out those protests.
He was charged with “colluding with foreign forces” for allegedly advocating for foreign sanctions against Hong Kong and China’s leaders.
He was also convicted and jailed last month for taking part in the 2019 protests. — AFP
These were the details of the news Hong Kong freezes media tycoon Jimmy Lai’s assets, says security bureau for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at Malay Mail and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.