Birmingham City owner Carson Yeung has been jailed for six years by a Hong Kong court for money laundering.
The 54-year-old was convicted on Monday of five charges relating to HK$720m (£55m) passing through his bank accounts between 2001 and 2007.
He claimed he had accumulated hundreds of millions of dollars through stock trading, business ventures in mainland China, a hair salon and gambling.
Judge Douglas Yau said the sentence must be a deterrent to others.
'Full force'The former hair stylist's trial was told he had lied about how he made his money and Yeung was described by Judge Yau as "not a witness of truth".
- October 2009 - Following an initial failed attempt in 2007, Carson Yeung completes his £81.5m takeover
- May 2010 - Alex McLeish leads Birmingham to ninth in the Premier League
- Feb 2011 - Birmingham beat Arsenal 2-1 to win the League Cup
- May 2011 - Blues relegated. McLeish leaves for Aston Villa
- June 2011 - Yeung first appears in court on money-laundering charges
- May 2012 - Blues miss out in Championship play-offs on same day that acting chairman Peter Pannu announces they are looking to attract new investment
- October 2012 - Pannu reveals two prospective buyers, including a consortium led by Midlands-based former QPR chairman Gianni Paladin
- May 2013 - After an initial postponement, Yeung's trial opens in Hong Kong
- Feb 2014 - Yeung resigns from all roles on the boards related to the club days before verdict in his trial is due
- March 2014 - Yeung found guilty of five money-laundering charges and sentenced to six years in prison
The businessman was unable to show where almost HK$100 million (£7.7m) in his bank accounts had come from.
Sentencing Yeung at Hong Kong District Court, Judge Yau said: "The sentence must include an element of deterrence to discourage those who are in a position to exploit the system.
"The law will come down on them with full force.
"Maintaining the integrity of the banking system is of paramount importance if Hong Kong is to remain an international finance centre," he said.
Outside the district court, Hong Kong police investigator Yu Yin-ching said she was "happy" with the outcome.
Yeung bought Birmingham City in October 2009 for £81.5m from David Sullivan and David Gold, now the co-owners of West Ham.
The Hong Kong businessman was arrested and charged with money laundering two years later.
He is the majority shareholder but resigned in February as president of Birmingham City FC, director of Birmingham City plc and director and chairman of the club's parent company, Birmingham International Holdings Ltd (BIHL).
On Monday, the club said Yeung's conviction would have no impact on day-to-day operations.
Anda sedang membaca artikel tentang
Birmingham City owner Yeung jailed
Dengan url
https://gayabugarsehat.blogspot.com/2014/03/birmingham-city-owner-yeung-jailed.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Birmingham City owner Yeung jailed
namun jangan lupa untuk meletakkan link
Birmingham City owner Yeung jailed
sebagai sumbernya
0 komentar:
Posting Komentar