Tuesday, October 21, 2014   

Birmingham City owner Carson Yeung guilty of money laundering
(03-03 12:25)

English football club Birmingham City owner Carson Yeung Ka-sing was found guilty of five counts of money laundering by a court today.
The 54-year-old businessman had denied laundering HK$720 million between 2001 and 2007.
Judge Douglas Yau said Yeung was "self-contradictory'' in his testimony and that he was "making it up as he went along'' to a courthouse packed full of reporters and members of the public.
The tycoon, wearing a dark suit, appeared calm as the verdict was read out.
Yeung was arrested and charged with ill-gotten gains in June 2011, two years after he acquired the "Blues.''
Yeung, who was little known before his emergence in English football, took control of the club in October 2009 in a US$130 million takeover from David Sullivan and David Gold, now the co-owners of West Ham.
In February Yeung resigned as chairman and executive director of Birmingham International Holdings Limited, which owns the struggling second-tier club.--AFP

Other Hong Kong breaking news:
Beijing's political framework for HK not final: CS (5 mins ago)
Govt to report Occupy movement to Beijing: CS (31 mins ago)
No misleading report submitted to NPCSC: Lam (52 mins ago)
Ignoring injunctions could undermine rule of law (54 mins ago)
Signature campaign against police commissioner (56 mins ago)
IPCC chairman defends decision over protests (56 mins ago)
Govt is the key to end protest: Chow (1 hr 17 mins ago)
Talks between govt, students begin (1 hr 30 mins ago)
CE to disclose proof on 'foreign influence' (2 hrs 21 mins ago)
Activist hopes for second govt. report on reform (2 hrs 21 mins ago)

More breaking news >>

© 2014 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2014, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.