Birmingham City owner found guilty of money-laundering in HK
03/03/2014 05:15
By Grace Li HONG KONG, March 3 (Reuters) - Birmingham City Football Club owner Carson Yeung was found guilty by a Hong Kong court on Monday of five counts of money-laundering, in a high-profile trial that has cast a spotlight on how the barber-turned-businessman made his fortune. Yeung, 54, had denied five charges of money-laundering between January 2001 and December 2007, totaling $93 million. He will be sentenced on Friday morning. Last month, Yeung resigned from parent company Hong Kong-listed Birmingham International Holdings Ltd (BIHL) 2309.HK while he awaited the verdict. ID:nL3N0L93H7 ($1 = 0.5998 British pounds) (Reporting By Grace Li; Editing by Anne Marie Roantree) ((nan.li@thomsonreuters.com)(+852 2841 5701)(Reuters Messaging: nan.li.thomsonreuters.com@reuters.net)) Keywords: SOCCER BIRMINGHAM/
Recent news on Zo Future
See all newsBrief: Zo Future Group Expects Profit Attributable No More Than HK$120 Million For FY
Brief: Zo Future Group Expects Profit Attributable Of HK$178 Million For HY
Brief: Zo Future Group To Sell 51.72% Stake Of Birmingham City, Others, For GBP5 Million
Brief: Zo Future Group Expects FY Loss Of HK$320 Million
Brief: Zo Future Places 37.6 Mln Placing Shares At HK$1.86 Per Placing Share