June 14, 2013 / 9:42 AM / 4 years ago

Birmingham City's Hong Kong owner facing possible trial in money-laundering case

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

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