Birmingham City owner found guilty of money-laundering in HK
HONG KONG, March 3
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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