Carson Yeung and Peter Pannu (fourth and fifth from the left) during a photocall at Birmingham City Football Club in October 2009, after Yeung’s Grandtop Holdings successfully acquired 94 per cent of the Club's shares. Photo: AFP

‘From a Ferrari to a Toyota’: the fall of former Birmingham City owner Carson Yeung after his money-laundering arrest

  • Yeung’s former right-hand man Peter Pannu, testifying against the pair’s former accountant, said Yeung was strapped for cash after his assets were frozen
  • Accountant Jerry Ko is accused of stealing HK$37.45 million from the football club’s holding company, allegedly on Yeung’s behalf
Topic |   Hong Kong courts

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Carson Yeung and Peter Pannu (fourth and fifth from the left) during a photocall at Birmingham City Football Club in October 2009, after Yeung’s Grandtop Holdings successfully acquired 94 per cent of the Club's shares. Photo: AFP
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