Thursday, November 26, 2015   

Carson Yeung jailed for six years over money laundering
(03-07 15:00)

Birmingham City football owner Carson Yeung Ka-sing has been sentenced to six years in jail for laundering HK$720 million.
Judge Douglas Yau handed down the sentence in the district court after convicting the 54-year-old of five charges of money laundering on Monday.
"The sentence must include an element of deterrence to discourage those who are in a position to exploit the system,'' the judge said.
"The law will come down on them with full force,'' he told a courtroom packed with reporters.
"Maintaining the integrity of the banking system is of paramount importance if Hong Kong is to remain an international finance centre,'' Yau added.
Hong Kong police investigator Yu Yin-ching said outside court that she was ''happy'' with the outcome of the case, which started in 2008. --AFP

Other Hong Kong breaking news:
Elderly Wong Tai Sin wife killer jailed (11-26 13:45)
Hong Kong-Zhuhai-Macau bridge delayed until 2017 (11-26 13:28)
Ocean Park says Water World project costs rise to HK$2.9b (11-25 19:15)
Education chief gives wide berth to self-serving English skills survey (11-25 17:51)
Costly electricity subsidies rejected (11-25 17:36)
HKU panel begins search for managerial candidate (11-25 11:05)
Lau Kong-wah visits HK affairs office in Beijing (11-24 17:04)
Transport chief takes HK logistics message to Seoul (11-24 17:02)
Winter chill set to descend on city (11-24 15:53)
113 of 189 new HIV infections linked to gay or bisexual contact (11-24 13:33)

More breaking news >>

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