https://www.scmp.com/rss/48323/feed Born in February 1960, Carson Yeung Ka-sing is a Hong Kong businessman and former hairdresser best known as the owner of Birmingham FC. He is also chairman and executive director of Birmingham International Holdings, an investment, entertainment and sportswear firm registered in the Cayman Islands. In June 2011, Yeung was arrested at his Hong Kong home in connection with alleged money laundering. He was subsequently charged with dealing with property known or believed to represent proceeds of an... en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Steve Cotterill has been sacked by the Chinese owners of English second-tier club Birmingham City, according to British media reports. Both the BBC and Britain’s Press Association said Cotterill, 53, had been dismissed following Birmingham’s 2-1 Championship loss to Nottingham Forest on Saturday – their fifth straight defeat. There was, as yet, no official confirmation from Birmingham that Cotterill had left the club. Going down to their Midlands rivals left Birmingham, who were previously owned... https://www.scmp.com/sport/china/article/2135617/birmingham-citys-chinese-owners-sack-steve-cotterill-after-fifth?utm_source=rss_feed https://www.scmp.com/sport/china/article/2135617/birmingham-citys-chinese-owners-sack-steve-cotterill-after-fifth?utm_source=rss_feed Sun, 04 Mar 2018 07:09:36 +0000 Carson Yeung Ka-sing, jailed in 2014 for laundering more than HK$700 million in Hong Kong, failed in his last-ditch bid to ­reclaim freedom on Monday, losing his appeal at the city’s top court. Upon hearing the verdict the former chairman of Birmingham City Football Club, who had been granted bail to await his appeal, was escorted back to the room behind the dock, into Correctional Services Department custody. He was handcuffed and ushered to a department vehicle via a makeshift inflatable... https://www.scmp.com/news/hong-kong/law-crime/article/1988306/former-birmingham-city-chairman-carson-yeung-serve-rest-six?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-crime/article/1988306/former-birmingham-city-chairman-carson-yeung-serve-rest-six?utm_source=rss_feed Mon, 11 Jul 2016 03:15:15 +0000 A little-known Hong Kong businessman called ‘the King of Penny Stocks’ is set to take over troubled football club Birmingham City. An announcement to the Hong Kong Stock Exchange on Tuesday revealed imprisoned Carson Yeung Ka-sing’s reign as owner is almost over. The 61-page statement outlined how and when Paul Suen Cho-hung’s Trillion Trophy Asia (TTA) will complete their purchase of Birmingham, setting out details of a complex restructuring which includes a “capital reorganisation” to pave the... https://www.scmp.com/sport/soccer/article/1969088/hong-kongs-king-penny-stocks-take-over-birmingham-city-carson-yeung?utm_source=rss_feed https://www.scmp.com/sport/soccer/article/1969088/hong-kongs-king-penny-stocks-take-over-birmingham-city-carson-yeung?utm_source=rss_feed Wed, 08 Jun 2016 02:56:11 +0000 There was a danger in a “wide” money laundering offence, a lawyer representing former English Premier League soccer chairman Carson Yeung Ka-sing, who was convicted of laundering more than HK$700 million, told the city’s top court on Tuesday. Clare Montgomery QC, in making submissions for Yeung’s appeal against his conviction on the first day of a hearing at the Court of Final Appeal, noted that the approach of the city’s courts to deciding culpability in money laundering had departed from the... https://www.scmp.com/news/hong-kong/law-crime/article/1960387/real-danger-hong-kong-courts-departing-uk-framework-money?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-crime/article/1960387/real-danger-hong-kong-courts-departing-uk-framework-money?utm_source=rss_feed Tue, 31 May 2016 07:00:00 +0000 Convicted money launderer and former English Premier League soccer chairman Carson Yeung Ka-sing was freed from jail today after Hong Kong’s top court granted him the right to challenge his conviction. Chief Justice Geoffrey Ma Tao-li released the ex-Birmingham City owner on HK$7 million bail and cash surety of HK$6 million, and ordered the hairdresser-turned-businessman to surrender his travel documents and not leave Hong Kong. The decision came four months after the businessman, who was jailed... https://www.scmp.com/news/hong-kong/law-crime/article/1849437/former-birmingham-city-owner-carson-yeung-freed-after-hong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/law-crime/article/1849437/former-birmingham-city-owner-carson-yeung-freed-after-hong?utm_source=rss_feed Fri, 14 Aug 2015 03:45:00 +0000 Jailed former Birmingham City Football Club owner Carson Yeung Ka-sing has claimed in his money-laundering appeal hearing that prosecutors charged him too broadly, thereby limiting his options to defend himself. But prosecutors argued on Thursday that his line of defence would have been the same, regardless of how they charged him. Barrister Clare Montgomery QC, for Yeung, argued on Wednesday that one money-laundering charge, which involved multiple receipts of funds in one account from... https://www.scmp.com/news/hong-kong/article/1736171/former-birmingham-city-fc-owner-would-have-had-same-defence?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1736171/former-birmingham-city-fc-owner-would-have-had-same-defence?utm_source=rss_feed Thu, 12 Mar 2015 16:15:15 +0000 The receivers of Birmingham International Holdings said an extraordinary general meeting (EGM) scheduled for Thursday called by Carson Yeung Ka-sing was invalid and they would remove any director appointed at the meeting, the Hong Kong-listed firm announced on Wednesday night. Former hairdresser Yeung, who is serving a six-year sentence in Stanley Prison for money laundering, owns 27.9 per cent of the troubled company. On February 25 and 26, Yeung placed notices in several Hong Kong newspapers... https://www.scmp.com/business/companies/article/1735649/birmingham-international-egm-invalid-say-receivers?utm_source=rss_feed https://www.scmp.com/business/companies/article/1735649/birmingham-international-egm-invalid-say-receivers?utm_source=rss_feed Thu, 12 Mar 2015 02:40:54 +0000 The judge in the trial of former Birmingham City owner Carson Yeung Ka-sing failed to consider whether the businessman had grounds to be suspicious about the source of the money he was accused of laundering, the High Court heard on Wednesday. In an appeal hearing, Clare Montgomery QC, for Yeung, said District Judge Douglas Yau Tak-hong had failed to consider "what happened in [Yeung's] mind" when he assessed the evidence. In February last year, Yeung was sentenced at the District Court to six... https://www.scmp.com/news/hong-kong/article/1735068/doubt-raised-over-carson-yeungs-knowledge-money-laundering-appeal?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1735068/doubt-raised-over-carson-yeungs-knowledge-money-laundering-appeal?utm_source=rss_feed Wed, 11 Mar 2015 07:30:00 +0000 Seven directors of Birmingham International Holdings, including the chairman and chief executive, resigned on Monday, two directors were sacked and two directors were suspended, the Hong Kong-listed firm announced on Tuesday. The massive shake-up came a day after it was reported that imprisoned money launderer Carson Yeung Ka-sing had called an extraordinary general meeting of Birmingham International, which owns English soccer team Birmingham City. The receivers are conducting an investigation... https://www.scmp.com/business/companies/article/1734042/seven-resignations-two-sackings-and-two-suspensions-board?utm_source=rss_feed https://www.scmp.com/business/companies/article/1734042/seven-resignations-two-sackings-and-two-suspensions-board?utm_source=rss_feed Tue, 10 Mar 2015 01:20:30 +0000 Convicted money launderer and former top-flight English soccer club owner Carson Yeung Ka-sing is still making business moves from his maximum-security cell in Stanley Prison. The Sham Shui Po hairdresser-turned-tycoon - whose appeal against conviction for laundering hundreds of millions of dollars will start in a Hong Kong court on Tuesday - has called an extraordinary general meeting of Birmingham International Holdings, the parent company which owns former English Premier League team... https://www.scmp.com/news/hong-kong/article/1732194/tycoon-carson-yeung-plots-business-move-his-jail-cell-hong-kong?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1732194/tycoon-carson-yeung-plots-business-move-his-jail-cell-hong-kong?utm_source=rss_feed Sat, 07 Mar 2015 20:57:08 +0000 Jailed former Birmingham City Football Club owner Carson Yeung Ka-sing's bail application was rejected because an appeal against his conviction for money laundering had little chance of success, a Court of Appeal judge said on Friday. An appeal hearing into Yeung's conviction and six-year jail term for laundering HK$721 million is set for March 11. Mr Justice Michael Lunn, vice-president of the Court of Appeal, rejected Yeung's bail application on December 16 and explained in his written... https://www.scmp.com/news/hong-kong/article/1689866/former-birmingham-city-owner-carson-yeungs-appeal-unlikely-succeed?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1689866/former-birmingham-city-owner-carson-yeungs-appeal-unlikely-succeed?utm_source=rss_feed Fri, 23 Jan 2015 05:10:26 +0000 A judge yesterday refused former Birmingham City Football Club boss Carson Yeung Ka-sing's application for bail, pending appeal against his conviction and six-year jail term for laundering HK$721 million. Mr Justice Michael Lunn, vice-president of the Court of Appeal, said that the appeal hearing would be conducted in March next year. Meanwhile, the businessman will continue to stay in Stanley Prison. The prosecution had earlier applied for a confiscation order against Yeung, and the application... https://www.scmp.com/news/hong-kong/article/1663304/ex-birmingham-city-owner-carson-yeung-denied-bail-pending-appeal?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1663304/ex-birmingham-city-owner-carson-yeung-denied-bail-pending-appeal?utm_source=rss_feed Tue, 16 Dec 2014 20:30:30 +0000 Birmingham International Holdings (BIH), the investment firm of jailed businessman and former football team owner Carson Yeung Ka-sing, has warned investors to expect a significant loss for the year ended June 30. The loss was mainly caused by a fall in revenue generated from the company’s principal business and a decrease in profit generated from sales of players’ registrations, the company said in a statement. Unaudited management accounts for the year to June show revenue down by about 17 per... https://www.scmp.com/business/companies/article/1572672/bih-hits-investors-profit-warning?utm_source=rss_feed https://www.scmp.com/business/companies/article/1572672/bih-hits-investors-profit-warning?utm_source=rss_feed Wed, 13 Aug 2014 02:28:47 +0000 Birmingham International Holdings (BIH), the investment firm of jailed businessman Carson Yeung Ka-sing, announced yesterday it had received a non-binding offer from a third party in relation to a possible acquisition of a 24 per cent interest in Birmingham City Football Club. The company said the third party had offered to acquire its 96.64 per cent owned subsidiary, Birmingham City, which owns the English soccer club. "Given the company's intention to continue to operate as a listed company,... https://www.scmp.com/news/hong-kong/article/1519644/carson-yeungs-investment-firm-birmingham-international-suspends-hkex?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1519644/carson-yeungs-investment-firm-birmingham-international-suspends-hkex?utm_source=rss_feed Mon, 26 May 2014 08:00:00 +0000 Carson Yeung Ka-sing, the owner of English soccer club Birmingham City, has filed an appeal against his conviction and six-year jail term for laundering HK$721 million. A spokesperson for the judiciary confirmed that Yeung had filed the notice of appeal within the deadline of 28 days from his sentence in District Court on March 7. The notice, which details his grounds for appeal, is not available for public inspection. Yeung, a hairstylist-turned-businessman, was found guilty of laundering... https://www.scmp.com/news/hong-kong/article/1457990/birmingham-city-boss-carson-yeung-files-appeal-against-six-year-jail?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1457990/birmingham-city-boss-carson-yeung-files-appeal-against-six-year-jail?utm_source=rss_feed Wed, 26 Mar 2014 19:45:30 +0000 Jailed Birmingham City Football Club owner Carson Yeung Ka-sing has been sued by a money-lending company for failing to repay a loan and interest amounting to HK$2.3 million since July last year. In a High Court writ, Hansom Finance claimed that Yeung - who was last week sentenced to six years in jail for laundering HK$721 million - took a HK$2 million loan from the company on April 10 last year, drawing an undated cheque as security. But the hairdresser-turned-businessman failed to repay the... https://www.scmp.com/news/hong-kong/article/1448819/jailed-birmingham-city-owner-carson-yeung-sued-over-hk23-million-debt?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1448819/jailed-birmingham-city-owner-carson-yeung-sued-over-hk23-million-debt?utm_source=rss_feed Fri, 14 Mar 2014 20:15:30 +0000 Carson Yeung Ka-sing, a hairdresser-turned-businessman who was once the majority shareholder of the Birmingham City Football Club, has been jailed for money laundering following a lengthy trial spanning nearly an entire year. May 2013 - Yeung's trial begins. The tycoon pleads not guilty to five counts of money laundering involving a total of HK$721 million. The court hears that Yeung once reported earning nothing for half a decade, but his income later shot up 300 times in only seven years.... https://www.scmp.com/news/hong-kong/article/1443005/timeline-trial-carson-yeung?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1443005/timeline-trial-carson-yeung?utm_source=rss_feed Fri, 07 Mar 2014 13:30:30 +0000 An anonymous letter of complaint written in English triggered the investigation that ended with one-time high-flyer Carson Yeung Ka-sing behind bars yesterday. Police disclosed this as the hairdresser-turned-businessman and owner of English soccer club Birmingham City started a six-year jail term for money-laundering. The law will come down on them with full force JUDGE DOUGLAS YAU Speaking outside District Court, Superintendent Gloria Yu said the letter was received in 2008 - some time... https://www.scmp.com/news/hong-kong/article/1442505/birmingham-city-boss-carson-yeung-jailed-six-years-money-laundering?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1442505/birmingham-city-boss-carson-yeung-jailed-six-years-money-laundering?utm_source=rss_feed Fri, 07 Mar 2014 04:15:30 +0000 Carson Yeung Ka-sing, a major shareholder of English football club Birmingham City, spent his first night after being found guilty of laundering HK$721 million through five Hong Kong bank accounts. Following the verdict Yeung's lawyer Graham Harris said the tycoon would not be asking for bail and that "an immediate custodiate sentence is inevitable" when he is sentenced later in the week. Hairdresser-turned-businessman Yeung was described by the District Court  Judge Douglas Yau Tak-hong as “not... https://www.scmp.com/news/hong-kong/article/1439225/carson-yeung-spends-first-night-jail-after-conviction-money?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1439225/carson-yeung-spends-first-night-jail-after-conviction-money?utm_source=rss_feed Mon, 03 Mar 2014 05:00:45 +0000 Beleaguered Hong Kong businessman Carson Yeung Ka-sing has resigned from all his positions with English soccer club Birmingham City, its holding company announced yesterday. The 53-year-old, who took over City in 2009, has spent a lot of time in Hong Kong courts since 2011, when he was charged with five counts of money laundering involving HK$723 million. The resignations come as Yeung awaits verdicts on the charges, to which he has pleaded not guilty. A statement released by Birmingham... https://www.scmp.com/news/hong-kong/article/1421012/carson-yeung-quits-all-posts-english-soccer-club-birmingham-city?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1421012/carson-yeung-quits-all-posts-english-soccer-club-birmingham-city?utm_source=rss_feed Tue, 04 Feb 2014 15:45:45 +0000 Birmingham City Football Club boss Carson Yeung Ka-sing's evidence in his money laundering trial was at variance with that of his accounting expert, and he gave more than one version of some of the contentious issues, the prosecution said yesterday. In its closing remarks, the prosecution submitted to the District Court examples of Yeung's inconsistencies. One of them was that accountant Ian Robinson said that a deposit of HK$20 million by Cheung Chi-tai, a Hong Kong businessman, was to fund a... https://www.scmp.com/news/hong-kong/article/1379245/birmingham-city-chief-carson-yeung-accused-over-inconsistent-evidence?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1379245/birmingham-city-chief-carson-yeung-accused-over-inconsistent-evidence?utm_source=rss_feed Thu, 12 Dec 2013 20:15:30 +0000 Birmingham City Football Club is "priceless", its boss Carson Yeung Ka-sing says in dismissing talk of an Italian millionaire's proposed acquisition bid, estimated at HK$248 million. "Better ask him first if he has enough money," the 53-year-old businessman told the South China Morning Post outside the District Court yesterday. Yeung, 53, was fresh from his failed second attempt to have his trial thrown out - he faces five charges and is accused of laundering HK$721 million. He brushed off... https://www.scmp.com/news/hong-kong/article/1354707/carson-yeung-belittles-talk-hk248m-takeover-birmingham-city-fc?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1354707/carson-yeung-belittles-talk-hk248m-takeover-birmingham-city-fc?utm_source=rss_feed Tue, 12 Nov 2013 21:00:15 +0000 Birmingham City soccer club boss Carson Yeung Ka-sing has for a second time asked the court to halt his HK$721 million money laundering trial, after his first attempt failed in May. This time, defence lawyers said the prosecution's submission of new material to the court this week was unfair to Yeung, 53. Prosecutors disclosed the documents during cross-examination in an effort to show that the defendant had a financial relationship with convicted impresario Abba Chan Tat-chee. Chan had passed... https://www.scmp.com/news/hong-kong/article/1351199/carson-yeung-demands-money-laundering-trial-halt-over-unfair-evidence?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1351199/carson-yeung-demands-money-laundering-trial-halt-over-unfair-evidence?utm_source=rss_feed Fri, 08 Nov 2013 20:30:30 +0000 Birmingham City Football Club boss Carson Yeung Ka-sing said he accepted cheques involving millions of dollars from staff members of Macau casino junket operators because the money came from his investment capital in those firms, a court heard yesterday. The hairdresser-turned-businessman said all the money collected in this way was spent on his father and himself. He did not return "a single dime" to the junket operators, Neptune Club and Neptune Group, he said. Yeung, 53, was responding to... https://www.scmp.com/news/hong-kong/article/1344708/money-i-took-was-my-investments-carson-yeung?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1344708/money-i-took-was-my-investments-carson-yeung?utm_source=rss_feed Thu, 31 Oct 2013 13:00:45 +0000 Birmingham City Football Club boss Carson Yeung Ka-sing may have had liquidity problems in the early 2000s, it was suggested yesterday, despite his earlier claims he was financially healthy after getting back on his feet from the 1998 market collapse. The prosecution told the District Court yesterday that the barber-turned-businessman had an overdue amount of about HK$2.5 million in his margin account with Chung Nam Securities in 2002. Presenting the court with an agreement that showed the... https://www.scmp.com/news/hong-kong/article/1342111/soccer-boss-carson-yeung-had-money-woes-2002-prosecution?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1342111/soccer-boss-carson-yeung-had-money-woes-2002-prosecution?utm_source=rss_feed Mon, 28 Oct 2013 20:15:30 +0000 Barber-turned-businessman Carson Yeung Ka-sing aspired to set up 50 soccer schools on the mainland through the acquisition of Birmingham City Football Club in England as Chinese soccer was not up to standard, a court heard yesterday. The tycoon had his eye on the English club because parents under the one-child policy tended to give their children the best, which would mean enormous business opportunities to run soccer training schools. "Children go to school and learn to play football... https://www.scmp.com/news/hong-kong/article/1336751/carson-yeung-planned-mainland-soccer-empire-he-tells-money-laundering?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1336751/carson-yeung-planned-mainland-soccer-empire-he-tells-money-laundering?utm_source=rss_feed Mon, 21 Oct 2013 20:32:15 +0000 Cash cheques issued by a Macau casino operator founded by gambling mogul Stanley Ho Hung-sun to Birmingham City Football Club owner Carson Yeung Ka-sing were part of his huge gambling wins in the former Portuguese colony, a court heard yesterday. Yeung told the District Court that in the 2000s, he had paid "very frequent" visits to various casino VIP rooms in Macau, earning a windfall profit of up to HK$30 million. The barber-turned-businessman said the HK$62 million cash cheques paid into his... https://www.scmp.com/news/hong-kong/article/1333164/lucky-bets-brought-hk62m-windfall?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1333164/lucky-bets-brought-hk62m-windfall?utm_source=rss_feed Wed, 16 Oct 2013 16:00:00 +0000 Birmingham City Football Club boss Carson Yeung Ka-sing explained in court how he amassed wealth of up to HK$100 million in 2000 from running upmarket salons, property investments in Southeast Asia and Hong Kong, and stock dealings. This was despite a substantial loss in the 1998 market collapse. The 53-year-old businessman took the stand yesterday after a District Court judge had earlier granted his "unusual" request to reopen his closed defence case. He denies the five charges of knowingly... https://www.scmp.com/news/hong-kong/article/1332438/carson-yeung-explains-fortune-money-laundering-trial?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1332438/carson-yeung-explains-fortune-money-laundering-trial?utm_source=rss_feed Tue, 15 Oct 2013 12:52:45 +0000 Birmingham City soccer club owner Carson Yeung Ka-sing will take the stand at his money laundering trial after a District Court judge yesterday agreed to grant Yeung's "unusual" request to reopen his closed defence case. The businessman made the application through his senior barrister, Graham Harris. The prosecution and defence camps had been due to make their closing submissions on October 15. Allowing Yeung to take the stand, judge Douglas Yau Tak-hong said: "[Yeung] will give first-hand... https://www.scmp.com/news/hong-kong/article/1318446/carson-yeung-will-take-stand-his-money-laundering-trial-after-u-turn?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1318446/carson-yeung-will-take-stand-his-money-laundering-trial-after-u-turn?utm_source=rss_feed Thu, 26 Sep 2013 16:00:00 +0000 Birmingham City soccer club owner Carson Yeung Ka-sing yesterday told the court how he managed to attend his trial on money-laundering charges despite being in the hospital the night before. The trial also took a twist when Yeung decided not to take the stand and his defence rested. The trial has been adjourned and the defence and prosecution will make final submission when it resumes in October. The trial, now in its 38th day, was initially slated to last 25 days. The District Court heard... https://www.scmp.com/news/hong-kong/article/1281321/carson-yeung-shuttles-between-hospital-and-trial?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1281321/carson-yeung-shuttles-between-hospital-and-trial?utm_source=rss_feed Fri, 12 Jul 2013 16:00:00 +0000 A judge yesterday refused Birmingham City soccer club boss Carson Yeung Ka-sing's application to inquire into the non-compliance with court orders involved in his money laundering trial. Judge Douglas Yau Tak-hong said the inquiry would "result in futility and a waste of time". Defence lawyer Graham Harris SC had made the request to call representatives of securities firms and police officers to explain the execution of various production orders issued by the High Court. Those court orders... https://www.scmp.com/news/hong-kong/article/1279720/judge-denies-yeung-bid-inquiry?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1279720/judge-denies-yeung-bid-inquiry?utm_source=rss_feed Wed, 10 Jul 2013 16:00:00 +0000 Birmingham City soccer club boss Carson Yeung Ka-sing has requested that employees of securities firms and certain police investigators take the stand in his money laundering trial. The proposed witnesses were compliance officers from the firms and policemen who had retrieved documents from these companies, defence lawyer Graham Harris SC told the District Court yesterday. Calling the witnesses was intended to explain High Court orders the police had sought while gathering evidence, Harris... https://www.scmp.com/news/hong-kong/article/1278976/carson-yeung-wants-security-firms-explain-documents-his-behalf?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1278976/carson-yeung-wants-security-firms-explain-documents-his-behalf?utm_source=rss_feed Tue, 09 Jul 2013 16:00:00 +0000 Birmingham City soccer club owner Carson Yeung Ka-sing met Jia Qinglin, one of the highest ranking members of China's Standing Committee before he retired last year, a court heard yesterday. Joseph Ng Loi-ping, one of Yeung's friends, spoke of the reception when the defence asked him to describe Yeung's reputation on the mainland. The details of the meeting - when and where it took place - were not given. The District Court also heard that Yeung made a donation of 10 million yuan (HK$12.52... https://www.scmp.com/news/hong-kong/article/1278173/carson-yeung-met-beijing-heavyweight?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1278173/carson-yeung-met-beijing-heavyweight?utm_source=rss_feed Mon, 08 Jul 2013 16:00:00 +0000 Carson Yeung Ka-sing, the boss of English soccer club Birmingham City, made a big profit from running a hairdressing salon in a Tsim Sha Tsui hotel more than 20 years ago, a court heard yesterday. Forensic accountant Ian Robinson said Yeung ran Vole at The Peninsula hotel and earned HK$4 million to HK$10 million between 1989 and 1991. Yeung founded high-end salons in Tsim Sha Tsui after his apprenticeships at salons from Britain and France, the court heard. Robinson is taking the stand for the... https://www.scmp.com/news/hong-kong/article/1271301/carson-yeung-was-successful-owner-hairdressing-salons-court-told?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1271301/carson-yeung-was-successful-owner-hairdressing-salons-court-told?utm_source=rss_feed Fri, 28 Jun 2013 16:00:00 +0000 Former lawmaker Chim Pui-chung yesterday told a judge to "speak gently" when he was stopped mid-flow on account of his temper during questioning in a forgery case. Chim was appearing as a defence witness in Birmingham Football Club boss Carson Yeung Ka-sing's money-laundering trial. His response got more heated when prosecutor John Reading SC asked Chim, also known as the Angry Man from Chiu Chow, about the payment of stamp duty for a share transaction related to the case. In 1998, Chim was... https://www.scmp.com/news/hong-kong/article/1269665/former-lawmaker-chim-pui-chung-chastises-judge?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1269665/former-lawmaker-chim-pui-chung-chastises-judge?utm_source=rss_feed Wed, 26 Jun 2013 16:00:00 +0000 A prosecutor has challenged an assertion that Birmingham Football Club boss Carson Yeung Ka-sing had not been authorised to operate his father's securities trading account. Lippo Securities former associate director Jackie Pan Chik, giving evidence in Yeung's HK$721 million money-laundering trial, said on Monday the businessman, 52, was never authorised by his father, Yeung Chung, to manage the account. But prosecutor John Reading SC put to Pan a statement he made to the Securities and Futures... https://www.scmp.com/news/hong-kong/article/1264489/carson-yeungs-access-fathers-account-disputed-court?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1264489/carson-yeungs-access-fathers-account-disputed-court?utm_source=rss_feed Wed, 19 Jun 2013 16:00:00 +0000 Birmingham City Football Club owner Carson Yeung Ka-shing, on trial for money-laundering, made HK$100 million from speculating on penny stocks from 2000 to 2002, a former senior member of a securities firm said yesterday. "Over the years, Mr Yeung made big money speculating on small value stocks," Lippo Securities' former associate director Jackie Pan Chik told the District Court. Prosecutors say that tens of millions of dollars that passed through five bank accounts connected to Yeung from... https://www.scmp.com/news/hong-kong/article/1262889/carson-yeung-high-volume-securities-trader-court-hears-money?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1262889/carson-yeung-high-volume-securities-trader-court-hears-money?utm_source=rss_feed Mon, 17 Jun 2013 08:05:04 +0000 A judge ruled yesterday that Birmingham City Football Club boss Carson Yeung Ka-sing had a case to answer on a money-laundering charge involving more than HK$700 million. District Judge Douglas Yau Tak-hong gave the ruling yesterday after listening to all the prosecution witnesses. Graham Harris SC, for Yeung, said at least six defence witnesses would be testifying and also did not rule out the possibility of Yeung taking the stand. The witnesses will include a staff member from Sociedade de... https://www.scmp.com/news/hong-kong/article/1259935/carson-yeung-must-answer-money-laundering-charges-judge-rules?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1259935/carson-yeung-must-answer-money-laundering-charges-judge-rules?utm_source=rss_feed Thu, 13 Jun 2013 07:31:31 +0000 A number of high-value cash transactions were conducted through Birmingham City football club owner Carson Yeung Ka-sing's bank accounts with no apparent cause, a forensic accountant told a court yesterday. It is one of the hallmarks that prosecution witness Roderick Sutton, a fellow of the Hong Kong Institute of Certified Public Accountants, has identified in Yeung's five bank accounts which are at the centre of his money laundering trial. The court heard that a total of HK$40.1 million... https://www.scmp.com/news/hong-kong/article/1247627/cash-did-not-stay-long-accounts-witness?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1247627/cash-did-not-stay-long-accounts-witness?utm_source=rss_feed Mon, 27 May 2013 16:00:00 +0000 Follow @SCMP_News Cash transactions related to casinos, security brokerage firms and jewellery shops might prompt further investigation into money laundering cases, a forensic accounting expert said at the trial of Birmingham City Football Club boss Carson Yeung Ka-sing on Monday. Prosecution witness Roderick Sutton, a fellow of the Hong Kong Institute of Certified Public Accountants, gave his comments in the District Court on the hallmarks of money laundering. The court heard earlier that... https://www.scmp.com/news/hong-kong/article/1247337/accounting-expert-shines-light-money-laundering-cases-carson-yeung?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1247337/accounting-expert-shines-light-money-laundering-cases-carson-yeung?utm_source=rss_feed Mon, 27 May 2013 06:51:47 +0000 Follow @SCMP_News Tens of millions of dollars in cash cheques deposited into Birmingham City football club boss Carson Yeung Ka-sing's bank accounts by a Macau casino operator needed explanation, a forensic accounting expert said in court yesterday. "It is unusual to see cheques like these and this requires some explanation," Roderick Sutton told the District Court. The court heard earlier that Sociedade de Jogos de Macau S.A. (SJM), one of the six companies authorised to operate casinos in... https://www.scmp.com/news/hong-kong/article/1244068/forensic-accounting-expert-take-stand-carson-yeung-trial?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1244068/forensic-accounting-expert-take-stand-carson-yeung-trial?utm_source=rss_feed Thu, 23 May 2013 04:45:49 +0000 A margin account held by Birmingham City Football Club boss Carson Yeung Ka-sing traded more than half a billion dollars of shares in six months in 2001, a court heard yesterday. Trading statements from Taiwan Securities (Hong Kong) showed the account was in huge use that year, the firm's former employee Lam Hiu-tung said. Lam said Yeung (pictured) was one of the biggest customers with his firm at the time. The trading volume from May to July 2001, and then from October to December, amounted to... https://www.scmp.com/news/hong-kong/article/1238463/carson-yeungs-margin-account-traded-more-hk500m?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1238463/carson-yeungs-margin-account-traded-more-hk500m?utm_source=rss_feed Wed, 15 May 2013 16:00:00 +0000 He may be involved in a HK$721 million money-laundering trial, but when it comes to his greatest passion, Carson Yeung Ka-sing is cutting back drastically. The boss of Birmingham City football club has been replacing some his most talented and expensive footballers with cheaper ones in a bid to ease the club's financial plight. This emerged yesterday as Yeung chaired the annual general meeting of Birmingham International Holdings in the Gold Coast Hotel at Tuen Mun. His high-profile court case... https://www.scmp.com/news/hong-kong/article/1234867/carson-yeung-cuts-back-birmingham-city-players-wages?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1234867/carson-yeung-cuts-back-birmingham-city-players-wages?utm_source=rss_feed Fri, 10 May 2013 16:00:00 +0000 Police officers investigated only 11 of 19 securities companies appearing on bank statements in the money laundering case of Birmingham City Football Club boss Carson Yeung Ka-sing, a court heard yesterday. Police financial investigator Johnny Kwan Sui-lun told the District Court that he applied for production orders against 11 securities companies, including Kingston Finance and Emperor Securities, before a High Court judge in June 2008. A production order requires the custodian of documents to... https://www.scmp.com/news/hong-kong/article/1233585/firms-carson-yeungs-bank-statements-not-investigated?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1233585/firms-carson-yeungs-bank-statements-not-investigated?utm_source=rss_feed Thu, 09 May 2013 04:32:41 +0000 Birmingham City football club boss Carson Yeung Ka-sing has asked a judge to let him sit outside the dock while the court hears evidence in his HK$721 million money-laundering trial. Defence counsel Graham Harris SC said in the District Court that it would be difficult for Yeung to follow all the information from the dock and asked that he be allowed to sit near his lawyers so that he could give instructions on specific points. Judge Douglas Yau Tak-hong did not rule on that application... https://www.scmp.com/news/hong-kong/article/1232243/court-rejects-carson-yeungs-bid-ditch-reports?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1232243/court-rejects-carson-yeungs-bid-ditch-reports?utm_source=rss_feed Tue, 07 May 2013 06:17:58 +0000 The District Court yesterday dismissed an application by Birmingham City Football Club boss Carson Yeung Ka-sing to halt his HK$721 million money laundering trial. The hairdresser turned soccer tycoon applied to the District Court on Monday for a permanent stay of proceedings, citing police abuse of process. His lawyer Graham Harris SC also argued that some missing records would deprive Yeung of the chance of a fair trial. Handing down his ruling, District Judge Douglas Yau Tak-hong said the... https://www.scmp.com/news/hong-kong/article/1229538/judge-rules-carson-yeungs-trial-will-go?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1229538/judge-rules-carson-yeungs-trial-will-go?utm_source=rss_feed Fri, 03 May 2013 16:00:00 +0000 Birmingham City Football Club owner Carson Yeung Ka-sing and his father once reported earning nothing for four or five years, but their income later shot up 300 times to HK$721 million in seven years, a court heard yesterday. Yeung and his late father's modest backgrounds and the sudden rush of money into and out of their bank accounts were detailed in the District Court after a judge rejected his application for the money laundering trial to be dismissed. The former hairdresser earlier pleaded... https://www.scmp.com/news/hong-kong/article/1229141/carson-yeung-loses-bid-halt-money-laundering-trial?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1229141/carson-yeung-loses-bid-halt-money-laundering-trial?utm_source=rss_feed Fri, 03 May 2013 06:13:31 +0000 A Hong Kong bank can now evict troubled businessman Carson Yeung Ka-sing – plus his mother, his lover and two children – from their house on The Peak over a defaulted mortgage, the High Court ruled on Thursday. In finding for the bank, the High Court also ordered Yeung’s live-in girlfriend and his mother to pay HK$200,000 in legal costs to Wing Hang Bank. The court rejected the two women’s application to participate in the case. In June last year, the bank won a possession order for the house at... https://www.scmp.com/news/hong-kong/article/1140299/court-frees-bank-evict-carson-yeungs-family-peak-home?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1140299/court-frees-bank-evict-carson-yeungs-family-peak-home?utm_source=rss_feed Thu, 31 Jan 2013 09:20:51 +0000 Ask fans of English Premier League clubs Chelsea and Manchester City what they think of their foreign owners, and they'll cheer them to the rafters. Cash lavished on players by Russian magnate Roman Abramovich at Chelsea and the Abu Dhabi oil barons at City has transformed their clubs into champions. But ask the fans of Birmingham City and Portsmouth the same question, and they'll respond with a chorus of boos. And what do these two clubs have in common, apart from languishing in the lower... https://www.scmp.com/news/hong-kong/article/1131822/soccer-dream-over-hong-kong-businessmen-carson-yeung-and-balram?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1131822/soccer-dream-over-hong-kong-businessmen-carson-yeung-and-balram?utm_source=rss_feed Sat, 19 Jan 2013 16:00:00 +0000 Carson Yeung, owner of the English soccer club Birmingham City, has been given four more months to prepare his defence on money laundering charges involving HK$700 million. His application for an adjournment was allowed, on Wednesday, when Judge Douglas Yau Tak-hong ruled that Yeung was not simply trying to delay the trial. The trial, involving five money laundering charges, was due to start on Wednesday. “On the balance of probabilities and interest of fairness and justice, I found that I... https://www.scmp.com/news/hong-kong/article/1092948/carson-yeung-wins-delay-money-laundering-trial?utm_source=rss_feed https://www.scmp.com/news/hong-kong/article/1092948/carson-yeung-wins-delay-money-laundering-trial?utm_source=rss_feed Wed, 28 Nov 2012 05:03:36 +0000