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Topic - Carson Yeung
Carson Yeung, the owner of English Championship club Birmingham City, has been sentenced to six years in jail for money laundering.
Carson Yeung, owner of English football team Birmingham, has been found guilty of money laundering by the Hong Kong District Court.
Birmingham owner Carson Yeung resigned from positions of power with the English second-tier football club on Tuesday as he awaits the verdict in his money laundering trial in Hong Kong.
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."