A Guangxi court is expected to announce its verdict soon in the case of a Hong Kong businessman on trial for allegedly being involved in a 93 million yuan (HK$87 million) fraud. Lau Ying-fu, who came to Hong Kong in the 1970s from Guangzhou, was tried at the Guilin Intermediate People's Court, an official confirmed yesterday. 'The two-day trial of Lau Ying-fu has concluded,' the court official said. 'The judges will give a verdict in 15 days.' According to a report by the Guangzhou-based New Evening Express, Lau was accused of conning a Guilin company into investing 93 million yuan in his company in Guangzhou in 1994 and 1995. The newspaper alleged that his company did not exist and that Lau had pocketed the money to cover debts - charges Lau has denied. Lau originated from Taishan, in Guangdong. He became a construction worker in Guangzhou before coming to Hong Kong in the 1970s, where he made good money, the report said. He began to invest in the mainland in 1985 and was named a vice-chairman of the China Soccer Association. But in 1993 he began to incur debts after losing money in real estate. Lau's trouble began to surface in 1998 when a Guangzhou court published his name as one of the city's biggest debtors. He was arrested by police in Guilin in May last year. According to mainland reports, Quan Chunsiu, former chairwoman of the Guilin company that invested in Lau's 'company', was jailed for life for embezzlement in October 1998.