Birmingham City owner found guilty of money-laundering in HK

HONG KONG, March 3 Mon Mar 3, 2014 12:15am EST

HONG KONG, March 3 (Reuters) - Birmingham City Football Club owner Carson Yeung was found guilty by a Hong Kong court on Monday of five counts of money-laundering, in a high-profile trial that has cast a spotlight on how the barber-turned-businessman made his fortune.

Yeung, 54, had denied five charges of money-laundering between January 2001 and December 2007, totaling $93 million.

He will be sentenced on Friday morning.

Last month, Yeung resigned from parent company Hong Kong-listed Birmingham International Holdings Ltd (BIHL) while he awaited the verdict.

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