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Birmingham City owner Carson Yeung pleads not guilty | Birmingham City owner Carson Yeung pleads not guilty |
(about 2 hours later) | |
Birmingham City Football Club owner Carson Yeung pleaded not guilty to money-laundering charges as he went on trial in Hong Kong. | Birmingham City Football Club owner Carson Yeung pleaded not guilty to money-laundering charges as he went on trial in Hong Kong. |
Mr Yeung is facing five charges of moving HK$720m (£60m) illicitly through bank accounts controlled by himself and his father. | |
But his defence team moved to have the much-delayed proceedings against him thrown out. | But his defence team moved to have the much-delayed proceedings against him thrown out. |
Judge Douglas Yau was set to hear arguments for and against the move. | Judge Douglas Yau was set to hear arguments for and against the move. |
Mr Yeung's lawyers have once already been granted a delay to proceedings, after arguing successfully in November that they needed more time to prepare his defence. | Mr Yeung's lawyers have once already been granted a delay to proceedings, after arguing successfully in November that they needed more time to prepare his defence. |
But Mr Yeung has also made several unsuccessful attempts to have the case postponed or struck out - the last in March, when a court rejected as "frivolous" an attempt to have the case moved to the High Court. | But Mr Yeung has also made several unsuccessful attempts to have the case postponed or struck out - the last in March, when a court rejected as "frivolous" an attempt to have the case moved to the High Court. |
Mr Yeung worked in the UK as a teenager before becoming a hairstylist in Hong Kong. He made his fortune investing in nearby Macau in the 1990s and is a well-known property developer in Hong Kong. | Mr Yeung worked in the UK as a teenager before becoming a hairstylist in Hong Kong. He made his fortune investing in nearby Macau in the 1990s and is a well-known property developer in Hong Kong. |
The allegations predate Mr Yeung's involvement with Birmingham City, which he took over in 2009. | The allegations predate Mr Yeung's involvement with Birmingham City, which he took over in 2009. |
He was arrested in June 2011. The precise nature of the charges against him have not been publicised. | He was arrested in June 2011. The precise nature of the charges against him have not been publicised. |
Clampdown | Clampdown |
Mr Yeung appeared at the Hong Kong district court on Monday morning and appeared calm as he pleaded not guilty to the charges, reports said. | Mr Yeung appeared at the Hong Kong district court on Monday morning and appeared calm as he pleaded not guilty to the charges, reports said. |
But his lawyers immediately lodged the application for a permanent stay of proceedings against him. | But his lawyers immediately lodged the application for a permanent stay of proceedings against him. |
Trading in Birmingham International Holdings (BIH), the company which owns Birmingham City FC, has been suspended since the arrest of Mr Yeung, its largest shareholder. | Trading in Birmingham International Holdings (BIH), the company which owns Birmingham City FC, has been suspended since the arrest of Mr Yeung, its largest shareholder. |
Analysts say Hong Kong authorities are trying to clamp down on money-laundering - seen as a growing problem in the financial centre. | Analysts say Hong Kong authorities are trying to clamp down on money-laundering - seen as a growing problem in the financial centre. |
They are carrying out more and more high-profile investigations and prosecutions, says the BBC's Martin Patience in Hong Kong. | They are carrying out more and more high-profile investigations and prosecutions, says the BBC's Martin Patience in Hong Kong. |
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