The Hong Kong government has launched a legal bid to confiscate assets worth more than HK$127 mln ($16.22 mln) from the imprisoned media tycoon Jimmy Lai, Reuters reports.
A High Court writ published on Tuesday outlines the targeted wealth which includes private company shares, small factory premises and numerous bank accounts belonging to the former billionaire.
The forfeiture hearing is scheduled to take place on July 8. Representatives for Lai’s legal team have declined to comment on the matter.
Targeted wealth and corporate assets
The most significant portion of the targeted wealth relates to Lai’s shares in two...