ALSO READ| India Simmers Nepal's Grievance Over Origin Of Gautama Buddha Saying "Both Countries Share Buddhist Heritage"
The report also says that his two sons, and CEO Cheung Kim-hung, and COO Chow Tat-kuen, were also arrested. While Chow was also arrested for collusion with foreign and external forces to endanger national security, Cheung was arrested for conspiracy to defraud.
“They are suspected to be involved in offences including collusion with foreign and external forces to endanger national security and conspiracy to defraud. The operation is ongoing and we do not rule out more arrests," the police have said in the report.
Lai and his media outlets are openly critical of Bejing's regime and he has constantly expressed his opinion on his Twitter page.
The police are also in search of Lai's top raise Mark Simon who is not in the city at the moment.Simon has tweeted about the arrests on his Twitter page.
Lai’s arrest comes two weeks after the police took action against anti-government activists (not directly related to street protests). On July 29, four students, aged from 16 to 21, were taken into custody on suspicion of secession under the new legislation which is aimed at punishing acts of secession, subversion, terrorism, and collusion with foreign forces to endanger national security.
Hong Kong's National Security Law
Beijing's National Security Law was imposed on Hong Kong in June this year and came into effect in Hong Kong from July. The Bill was introduced by China, in May and the draft legislation had provisions to outlaw acts of secession, subversion, and terrorism and to "prevent, frustrate and punish" threats to national security in Hong Kong. At the time citizens feared that the law will have an impact on their independent judicial system and their civil freedom. The talks over a national security bill have been going on since 1997 and in 2003 when the Chinese government attempted to impose the Bill it faced a massive backlash. In 2019, there were widespread protests in Hong Kong over another bill that was introduced by China in which suspects in Hong Kong can be extradited to the Chinese mainland.