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Who is Jimmy Lai? why was Jimmy Lai arrested under Hong Kong’s national security law? Jimmy Lai net worth

Who is Jimmy Lai? why was Jimmy Lai arrested under Hong Kong's national security law? Jimmy Lai net worth

Jimmy Lai was captured on Monday over presumed conspiracy with unfamiliar powers under the new national security law in wide-extending police activity, the most prominent capture yet under the enactment.

Jimmy Lai, 71, has been one of the most noticeable democracy activists in the Chinese-controlled city and an impassioned pundit of Beijing, which forced the general new law on Hong Kong on June 30, drawing judgment from Western nations.

Who is Jimmy Lai?

Who is Jimmy Lai? why was Jimmy Lai arrested under Hong Kong's national security law? Jimmy Lai net worth

Jimmy Lai is a big face in the media and one of the strongest pro-democracy activists in Hong-Kong. Jimmy Lai, is a Hong Kong business person. He established Giordano, an Asian garments retailer, Next Digital (once Next Media), a Hong Kong-recorded media organization, and well-known paper Apple Daily. He is one of the principal supporters of the favorable to vote based system camp, particularly to the Democratic Party.

On 30 June 2020, the Hong Kong national security law was authorized by China’s parliament, by-passing the Legislative Council of Hong Kong. Under the watchful eye of the law was established, Lai called it “a passing sound for Hong Kong” and claimed that it would demolish the region’s standard of law.

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On 10 August 2020, Lai was captured at his home for supposed intrigue with unfamiliar powers (wrongdoing under the new national security law) just as extortion. Other Next Digital staff were likewise captured, and police looked through the home of both Lai and his son. Later toward the beginning of the day, roughly 200 Hong Kong cops assaulted the workplaces of Apple Daily in Tseung Kwan O Industrial Estate, seizing around 25 boxes of materials.

Jimmy Lai Net worth

Jimmy Lai net worth is $2.1 Billion in 2020, After Lai was captured, the stock cost of Next Digital rose as high as 331% on Tuesday. Bail was set at HK$300,000 (approx. US$38,705), with a guarantee of HK$200,000 (approx. US$25,803). The supporters purchased numerous duplicates to show the help for Lai and his Next Digital. It was said that in excess of 500,000 duplicates were printed, multiple times the typical number. The first page of Apple Daily indicated a picture of Mr.Lai in cuffs with the feature: “Apple Daily should battle on.

 

Name Jimmy Lai
Net worth $2.1 Billion
Monthly Income $300,000
Age 71 Years
Full Name Lai Chee-Ying
Job Political Activist and Media Person

Conclusion

We need need more people like Jimmy Lai in the world who fight against oppression and don’t fear a legal action in supporting a noble cause, people like him can only make the world and Hong-kong a better place.

About the author

Ojasv Jain

I am a photographer, a tech enthusiast and a foodie who also loves writing for blogs. ;)

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