• Sun
  • Dec 28, 2014
  • Updated: 9:11am
NewsHong Kong

Jailed Birmingham City FC owner given two weeks to prepare for HK$2.3m unpaid debt suit

Moneylender claims Carson Yeung only repaid interest on loan

PUBLISHED : Monday, 05 May, 2014, 2:32pm
UPDATED : Tuesday, 27 May, 2014, 5:34pm

Jailed Birmingham City Football Club owner Carson Yeung Ka-sing was today given two weeks to prepare evidence against a civil action claim by a moneylender for HK$2.3 million in unpaid debt.

Yeung’s lawyer told the Court of First Instance this morning that they needed more time to take instructions from Yeung, a hairdresser-turned-businessman, as he was serving a six year prison term in Stanley Prison.

His lawyer asked for a four-week adjournment to prepare evidence for the claim by Hansom Finance. Hansom’s lawyer expressed reservation, however, saying the case was “straightforward” and “simple”.

Court master Hui Ka-ho granted Yeung’s lawyers two weeks to submit the defence evidence.

Hansom Finance filed the lawsuit to the High Court on March 15 this year after Yeung was convicted of money laundering on March 8.

The company claimed Yeung borrowed HK$2 million from the company on April 10 last year – shortly before he stood trial over money laundering the District Court later that month.

Hansom claimed in the writ that Yeung only paid HK$120,000 interest for the loan on July 9 but failed to repay the principle sum by July 10 last year under the loan agreement.

The principle plus interest was HK$2.3 million when Hansom filed the claim on March 15 this year.

Yeung was convicted of five money laundering charges which stated he used five bank accounts at Wing Lung Bank and HSBC to launder HK$721 million from 2001 to 2007. Yeung has applied for an appeal over his conviction and sentence.

Yeung took over Birmingham City Football Club in 2009 for HK$731 million. He was arrested in June 2011. He quit all his posts in the club’s holding company in February this year.

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