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The Independent UK
The Independent UK
National
Kanis Leung

Hong Kong to seize millions in assets from jailed tycoon Jimmy Lai

  • Hong Kong authorities are seeking to confiscate over 127 million Hong Kong dollars ($16 million) in funds and corporate shares from jailed media mogul Jimmy Lai.
  • The assets are alleged to be linked to crimes Lai committed under Beijing's sweeping national security law, though the court filing does not detail the specific connection.
  • Mr Lai, founder of the now-defunct Apple Daily newspaper and an outspoken critic of China, was convicted in December of conspiring to collude with foreign forces and publishing seditious articles.
  • He received a 20-year prison sentence in February, marking the toughest penalty issued so far under the national security law.
  • The government states the confiscation aims to prevent convicts from using offense-related properties for activities endangering national security, with a hearing on the case scheduled for July.

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