Money laundering: Ex-Birmingham City football club owner ordered to pay $43 million
12 Dec 2018

A Hong Kong court has reportedly ordered Carson Yeung Ka-sing, the former owner of Birmingham City Football Club to pay up HK$338 million (US$43.2 million) worth of criminal proceeds.

Prosecutors agreed with his lawyers for him to pay the money, which was less than the half of the HK$721 million they sought to confiscate from him, according to the South China Morning Post.

He was ordered to pay the money or serve 10 more years behind bars.

Yeung reportedly took over control of the British football club in 2008, but in 2014 he was jailed in Hong Kong for money laundering after he was unable to explain the source of the almost HK$100m (£7.7m) in his bank accounts.

Yeung, who rose from being a hairdresser to become a businessman, said his hundreds of millions of dollars came from a variety of sources, including stock trading and gambling, but the judge said he was “not a witness of truth.”

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