Hong Kong Seizes $16M from Jailed Media Mogul

0:00Hong Kong's government is moving to seize over $16 million in assets from jailed media mogul Jimmy Lai claiming they're tied to his national security crimes. That's cash and 15 bank accounts under his name, plus company funds and shares worth about $127 million Hong Kong dollars. Total, they announced the pushback on April 2nd, pulling from a new national security law that lets them grab tools or profits from offenses like lies. This includes even bail money and a $2 million Hong Kong dollar fine from old fraud charges that got tossed earlier this year. Lai, who built the now shut Apple Daily paper, got hit with a 20-year sentence in February for plotting with foreign forces and pushing seditious. Stories. Critics call it a straight attack on press freedom in the city since it went back to Chinese control in 1997. The government fires back that it's not about journalism. Lai and crew hid dangerous acts behind news headlines for years, hurting Hong Kong and China. A court hearing set for July aimed at stopping Lai or his allies from using that cash to

1:05keep threatening security. This saw goes far from over as the city tightens its grip. That's your update from Canada News Today, powered by AI. I'm Corey with the story.