The announcement was made on Twitter by the executive director of the media company Next Digital, owned by Lai – the company that publishes the local newspaper Apple Daily.
Police sources quoted by AFP claim that the tycoon is also accused of fraud, after the headquarters of his newspaper was searched.
The state-run Global Times reported that Lai is a supporter of riots, and his publications “instigated hatred, spread rumors and tarnished the reputation of the Hong Kong and Chinese authorities for years.”
He announced that two of his sons, as well as two executives of Next Digital, had also been arrested.
Police confirmed the arrests “on suspicion of collusion with foreign forces”, 7 in total, without naming.
Jimmy Lai’s fortune is estimated at over $ 1 billion. His newspaper, the Apple Daily, published critical articles about China and the Hong Kong authorities.
He actively participated in the protests for reforms that broke out in 2019 in Hong Kong.
After the adoption of the security legislation, on June 30 “, he warned that the semi-autonomous region will become as corrupt as China in the conditions in which the businessmen will be left without any kind of legal protection.
“I am ready for prison. If it happens, I will have the opportunity to read books that I have not been able to read. The only thing I can do is stay positive. “