DoJ eyes seizure of Jimmy Lai assets worth $127m

The Department of Justice has applied to confiscate assets linked to Jimmy Lai Chee-ying’s offenses, including 62 bank accounts, shares in 17 companies, and bail money totaling upward of HK$127 million. A hearing is set for July 8.

Lai was sentenced in February to 20 years in prison for conspiring to collude with foreign forces and publish seditious material.

Prosecutors aim to seize about HK$71.39 million of shares in two firms, nearly HK$32.3 million in Lai’s personal accounts, HK$12.11 million in related company accounts, HK$10 million in bail, HK$2 million in refunded fines, and HK$80,000 transferred to an associate’s account.