Birmingham owner Yeung faces jail

The owner of second tier English football team Birmingham City is facing up to 14 years in jail if he is found guilty of money laundering.

Birmingham owner Carson Yeung

The owner of Birmingham City is facing up to 14 years in jail if found guilty of money laundering. (AAP)

Hong Kong businessman and Birmingham City owner Carson Yeung faces up to 14 years in jail if found guilty at the close of his multi-million dollar money-laundering trial.

For over two years the case has been in the courts, with the 53-year-old denying five charges totalling $US93 million ($A103million) and repeatedly trying to have the proceedings halted, claiming irregularities.

The owner of the English Championship side was arrested and charged with ill-gotten gains in the southern Chinese city in June 2011, throwing the legitimacy of his rags-to-riches rise from hairdresser to club proprietor into doubt.

Under Hong Kong law, anyone found guilty of money laundering can be sentenced to up to 14 years in prison.

Yeung, who acquired the "Blues" in 2009, pleaded not guilty to all the charges in April last year.

He told the court he made up to $HK30 million from gambling in Macau between 2004 and 2008, adding that he gambled as if he were "running a business".

Prosecutor John Reading argued that Yeung's accounts showed before 2001 he was a man of "modest means".

Between 1997 and 1999 Yeung earned around $HK335,000 ($A48,000) from his hair salon.

Prosecutors also suggested a link between Yeung and Cheung Chi-tai, an alleged triad boss.

The verdict on Friday in the long-delayed trial will be watched closely by Birmingham fans, who have protested against Yeung's ownership.


2 min read

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Source: AAP


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