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| Birmingham City's Carson Yeung loses bid to stop trial | Birmingham City's Carson Yeung loses bid to stop trial |
| (about 4 hours later) | |
| Birmingham City football club owner Carson Yeung has failed in his final bid to have a Hong Kong trial accusing him of money-laundering thrown out. | Birmingham City football club owner Carson Yeung has failed in his final bid to have a Hong Kong trial accusing him of money-laundering thrown out. |
| Mr Yeung's legal team has argued that he would not receive a fair trial. | |
| The prosecution opened its case against Mr Yeung on Friday by pointing to huge amounts of money that it said had gone through the ex-hairdresser's bank accounts. | The prosecution opened its case against Mr Yeung on Friday by pointing to huge amounts of money that it said had gone through the ex-hairdresser's bank accounts. |
| The businessman has pleaded not guilty to five counts of money-laundering. | The businessman has pleaded not guilty to five counts of money-laundering. |
| The charges relate to funds deposited into bank accounts between January 2001 and December 2007 involving more than 720m Hong Kong dollars ($92.8m; £60m). | The charges relate to funds deposited into bank accounts between January 2001 and December 2007 involving more than 720m Hong Kong dollars ($92.8m; £60m). |
| In 2009 Mr Yeung won a takeover battle for English football club Birmingham, paying £81.5m. | In 2009 Mr Yeung won a takeover battle for English football club Birmingham, paying £81.5m. |
| Prosecutor John Reading said that over the seven years, money was deposited into and then withdrawn from five bank accounts belonging to Mr Yeung and his father. | Prosecutor John Reading said that over the seven years, money was deposited into and then withdrawn from five bank accounts belonging to Mr Yeung and his father. |
| That included 437 cash deposits totalling HK$97.5m, checks from a Macau casino company and deposits from and withdrawals to stock brokerages. | That included 437 cash deposits totalling HK$97.5m, checks from a Macau casino company and deposits from and withdrawals to stock brokerages. |
| "Almost all of the cash deposits were made by unknown parties without any apparent reason for such deposits,'' Mr Reading told the Hong Kong court. | "Almost all of the cash deposits were made by unknown parties without any apparent reason for such deposits,'' Mr Reading told the Hong Kong court. |
| The amount involved was more than 300 times the father and son's combined reported income of HK$2.2m from 1996 to 2006, Mr Reading said. | The amount involved was more than 300 times the father and son's combined reported income of HK$2.2m from 1996 to 2006, Mr Reading said. |
| At a hearing on 29 April, Mr Yeung's lawyer argued that the businessman had earned a significant portion of his income through stock trading. | At a hearing on 29 April, Mr Yeung's lawyer argued that the businessman had earned a significant portion of his income through stock trading. |
| Mr Yeung was arrested in June 2011. Trading in Birmingham International Holdings, the parent company of Birmingham City FC, has been suspended since then. | Mr Yeung was arrested in June 2011. Trading in Birmingham International Holdings, the parent company of Birmingham City FC, has been suspended since then. |