Hong Kong authorities freezes property of media tycoon Jimmy Lai By Reuters


© Reuters. FILE PHOTO: Media mogul Jimmy Lai Chee-ying, founder of Apple Daily, arrives at the West Kowloon Courts in Hong Kong, China on October 15, 2020. REUTERS / Tyrone Siu

HONG KONG (Reuters) – The Hong Kong Security Bureau announced on Friday that it had frozen assets of jailed media tycoon Jimmy Lai Chee-ying when it first exercised the powers of confiscation conferred on authorities under national security law.

The assets included all of Lai’s shares in Next Digital Limited and ownership in the local bank accounts of three companies he owns. Read that a government statement was issued on behalf of the Security Bureau.

Lai was sentenced to 14 months in prison for attending unauthorized gatherings during mass protests for democracy in 2019.

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