Skip to main content

Yeung loses money laundering appeal

Former Birmingham chairman Carson Yeung yesterday lost an appeal against his conviction for money laundering.

Yeung was jailed for six years in March 2014 after being found guilty of five counts of money laundering between 2001 and 2007.

The businessman’s appeal was rejected by the Hong Kong Court of Appeal.

There will now be an adjournment until May 15 when a decision will be made on his appeal against his sentence.

Yeung bought Birmingham in October 2009 from David Sullivan and David Gold, now the co-owners of West Ham.

The 55-year-old was arrested and charged with money laundering two years later.

He resigned as president of City and chairman of the club’s parent company, Birmingham International Holdings Ltd (BIHL), in February last year.

Receivers Ernst & Young are currently in control of BIHL and have listened to offers for the parent company or the club itself.

OWNED BY OUR READERS

We're a reader-owned co-operative, which means you can become part of the paper too by buying shares in the People’s Press Printing Society.

Become a supporter

Fighting fund

You've Raised:£ 10,322
We need:£ 7,678
8 Days remaining
Donate today