Often Partisan

More Auditor Problems For Carson

Sing Pao Media Enterprises announced their end of year results today – and again, it’s bad news for Carson Yeung.

Auditors BDO (who as you may recall also audited the recent Birmingham City accounts) have placed a disclaimer of opinion on the accounts, citing lack of clarification on money lent to the company and lack of clarification on future investment in the company.

Worse still for Carson, the accounts reveal that whilst Sing Pao owe him around £11.5mil he cannot get it back whilst he is under prosecution on charges of money laundering.

Carson is the largest shareholder in Sing Pao, owning around 13.26% of shares in it via his investment vehicle “Billion Wealth”.

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