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Yeung handed six-year prison term

07 Mar 2014 09:17:35

Yeung handed six-year prison term

Birmingham owner Carson Yeung has been sentenced to six years in prison for money laundering by a court in Hong Kong.

Businessman Yeung, the club's majority shareholder, was found guilty on five counts of money laundering on Monday and was duly sentenced on Friday.

It remains to be seen whether the 54-year-old will appeal against the length of the jail term.

He was arrested and charged in 2011 having bought Blues two years earlier, and had denied laundering 720million Hong Kong dollars (£55.4million) through his accounts between 2001 and 2007.

Yeung last month resigned from his position on the boards of the football club, Birmingham City plc and Birmingham International Holdings Limited (BIHL), the club's parent company.


PA

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