Birmingham City's Hong Kong owner facing possible trial in money-laundering case
HONG KONG, June 14
HONG KONG, June 14 (Reuters) - Prosecutors in Hong Kong have established a prima facie money-laundering case against Carson Yeung, the owner of Birmingham City football club, forcing the Hong Kong tycoon to mount a defence, Birmingham International Holdings Ltd said in a statement to the Hong Kong stock exchange, citing a court ruling.
The ruling means there is sufficient evidence to proceed to a trial. Yeung has been charged with laundering more than HK$720 million ($93 million), charges that he has denied.
For the statement, click here
(Reporting By Anne Marie Roantree and Christina Lo; Editing by Matt Driskill)