New Delhi, Dec. 15 -- The conviction of Hong Kong media tycoon Jimmy Lai has pushed a long-running legal battle into a new phase - and placed renewed focus on what remains of his fortune.

On Monday, Hong Kong's High Court found the 78-year-old founder of Apple Daily guilty on two national security charges, including collusion with foreign forces, along with a sedition offence. Sentencing has been deferred, but the most serious charge carries the possibility of life imprisonment under the National Security Law, per CNN reports.

The ruling closes one of the city's most closely watched trials and opens another question that has followed the case for years - what happens to Lai's money?

Before his arrest in 2020, Jimmy Lai was among Hong K...