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Real Madrid
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Blues owner's HK trial goes ahead

Birmingham City owner Carson Yeung has lost an appeal to have money laundering charges against him dismissed

Birmingham City owner Carson Yeung failed in his attempt to have money-laundering charges against him thrown out by a Hong Kong court when his trial began on Friday.

Yeung, charged with laundering more than $93 million, had attempted to have the case dismissed by arguing that some documents that could have been used in his defence were missing, making it impossible for him to have a fair trial.

He denies charges of "dealing with property known or believed to represent proceeds of an indictable offence" between 2001 and 2007.

Outlining its case, the prosecution said deposits made to accounts in the names of Yeung and his father significantly outweighed their combined incomes over that period.

Those deposits included cheques from a company operating casinos in Macau, the court was told.

Yeung's defence lawyers said Hong Kong rules, which require financial institutions to keep business records for seven years, meant some important evidence may no longer exist.

Trading in shares of Yeung's Hong Kong-listed Birmingham International Holdings Ltd, the football club's parent company, has been suspended. His trial resumes next week.