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Independent voices from the The Washington Times Communities
Topic - Carson Yeung
Carson Yeung says he's a celebrity hairdresser, property developer, casino high-roller and millionaire stock investor. Hong Kong prosecutors say the owner of Birmingham City football club is a money launderer who grossly inflated his income.
The Hong Kong businessman who owns Birmingham City football club testified at his money laundering trial Tuesday for the first time and described how he amassed his fortune, starting with a single hairdressing salon.
Yeung told the court he left school at 15, apprenticed as a hairdresser and trained in London and Paris before opening the first of five salons in 1989 aimed at upmarket Hong Kong customers.
When asked by his lawyer whether "dirty money" was used to buy Birmingham City, Yeung said it was "impossible."