Jimmy Lai
Hong Kong: Media tycoon Jimmy Lai's assets frozen
Hong Kong: Hong Kong officials have frozen assets belonging to jailed media tycoon of the region Jimmy Lai.
Also among assets targeted were the local bank accounts of three companies owned by Lai, Hong Kong’s Secretary for Security John Lee said in a government statement as quoted by Al Jazeera.
The statement, issued after the market closed on Friday, said Lee had issued notices “in writing to freeze all the shares of Next Digital Limited held by (Jimmy) Lai Chee-ying, and the property in the local bank accounts of three companies owned by him”, reported the news channel.
Hong Kong's pro-democracy media tycoon Jimmy Lai was sentenced to 14-month prison as he was found guilty of unauthorised assembly.
Lai, who is the founder of the Apple Daily tabloid, is a fierce critic of Beijing.
The verdict came at a time when there has been an increasing crackdown on Hong Kong's rights and freedoms.
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