Hong Kong anti-corruption authorities have raided the home of Jimmy Lai, the media tycoon and fierce critic of the Chinese Communist party who owns the pro-democracy Apple Daily newspaper, the FT's Demetri Sevastopulo writes.
Independent Commission Against Corruption officers descended on the media baron's Kowloon home early on Thursday morning, according to local media. The ICAC declined to comment on the raid or the nature of the investigation.
Mr Lai is frequently in the Hong Kong headlines because of his criticism of the Chinese government. Last month he came under the spotlight after leaked emails showed that he had donated money to pan-Democrat politicians in Hong Kong.
Trading in the shares of Next Media, the media company controlled by Mr Lai, was halted mid-morning in Hong Kong. Before that, they had fallen 3 per cent.