HONG KONG:
Birmingham City owner Carson Yeung, a one-time hairdresser turned football tycoon, appeared in court in Hong Kong charged with money-laundering, a day after being arrested by police.
The millionaire, whose club was relegated from the Premier League last month, was required to surrender his passport and report regularly to police as part of his bail conditions. Yeung was arrested on Wednesday after narcotics bureau officers searched two locations and seized documents. The charge sheet detailed “five counts of dealing with property known or believed to represent proceeds of an indictable offence”, but the nature of the alleged offence was not clear.
Published in The Express Tribune, July 1st, 2011.
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