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The Carson Trial – Day 19
Early reports from HK confirm that Judge Douglas Yau Tak-Hong has ruled that Carson Yeung does have a case to answer in his trial on five counts of money laundering.
Oriental Daily reports that the prosecution ended giving their evidence today, and that Judge Yau has ruled that there is a prima facie case of money laundering for Carson to answer.
The defence will begin their testimony tomorrow, bringing their financial experts to the stand and the Hong Kong Economic Journal reports that Carson Yeung has not ruled out taking the witness stand himself.
Carson stands accused of laundering HK$721million via five accounts held in the name of himself and his father.
The case continues tomorrow at 09:30am (2:30am BST)
Update 16:15 June 13
The South China Morning Post confirms that the defence will call at least six witnesses including a representative from SJM Holdings.
Tags: Carson Yeung, The Trial
52 Responses to “The Carson Trial – Day 19”
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They all deserve a day off IMO
I hope that was tongue-in-cheek.
At last the defense can get stuck into the prosecution……….. great news if Carson takes the stand…imo
He should blame it all on his dad
Finally, will we perhaps hear Carson say something? Would be great if you mentioned the Blues at some point in his testimony – perhaps he’ll start eulogizing about this bedside DVD of Nikola Zigic, Nathan Redmond and Chris Burke. He’ll bring a tear to the judge’s eye. Maybe break into a rendition of KRO.
Love it DoctorD
This is when the court case against Carson will get interesting. Surely Carson taking the stand would be to his best interest’s, I cant wait to hear what he has to say to himself. Personally I cannot wait till this court case is over and whatever the verdict is against Carson I just want him and his cronies out of our club. It is sad times when we cannot even afford a quarter of a million to sign a player. ‘
im looking forward he hearing how he was so financially astute that he made millions from stock trading in one of the worst market downturns since the depression (after9/11), and yet purchased a football club worth £25m for £80m !
I would be more interested to find out who the financial backers are that own the other 70 odd per cent of BIH and where their funds came from.
Andrew
As I have said on here many, many, many times they’re in the main small investors. There is actually a list of which brokers hold their portfolios on this very site…
I realise they are small shareholders, however without becoming libellous my understanding is that some of them may not exactly be ‘clean shirts’ and that many of them are connected with a certain Chinese organisation.
I’d leave that there and not go any further
The only thing I’m interested in knowing, is what money was used to buy our club (clean / dirty) and does that have any future implications for BCFC?
Staffs;, That is a worry for us, if we get drawn into this saga, [ where did the money used to buy us come from ], As Carson Yueng, owns 30% [ approx ], Would that have reprecutions for us at all ,?.
hes never had any money, ive said it all along!KRO.
How do you know? That’s what this court case is about.
Just goes to show what can happen if you give someone a bad haircut
Whats this swap deal with Swansea for Redmond?, Kyle Bartley coming the other way
if he used dirty money to buy our club, hed better stay well away from st andrews for his
own safety!KRO.
So the warm up is over now the game can commence. Hopefully this is where it gets a bit juicy with regards to detail of his financial goings on.
comment edited – Sorry Steve, but you cannot make those kinds of allegations until Carson is convicted.
CY on the stand? “Your honour, on the day in question, we were 3-0 down against Southampton at half-time and someone shoved a piece of paper in front of me and said ‘here, sign this.’ I was emotionally affected and just trusted my lieutenants. The tragedy is, your honour, we only managed to pull one back and Saints got another in. 4-1away when you’re in the middle of complex financial negotiations is a monumental distraction.”
What we may hear now, IMO is that CY acted as a paid broker, investing other people’s money quite wisely it would seem. However, getting these people to court may prove difficult at best.
Money laundering won’t stick,tax evasion may.
Either way I’m looking forward to next week.
To the end of the road.
Just when you think things can’t get worse we now get sponsors who arguably will encourage real smokers from their product
not happy with the sponsor we have, dont want to buy a shirt with nicolites or whatever
plastered all over it, even though i am a non smoker!, but as ive said many times before
money talks.KRO.
Isn’t there an option to buy a shirt without the sponsors name on? I know they did it 2 or 3 years ago… but maybe that was between sponsors.
heres hopeing so, because i never normally miss a shirt over the past 20years or so.KRO.
read redmond out staffs last message!KRO.
Almajir,
weighing up the pros and cons of innocent or guilty, which one in your opinion benefits the club to the greater degree?
I don’t think I can answer that question, to be honest.
I don’t think CY will take to the stand unless absolutely required. He could do more damage opening his mouth.
The judge has already indicated there is a case to answer for money laundering, I fear CY defence are going to have there work cut out convincing him otherwise. I wonder if the sentence may not be anywhere near as severe as expected if found guilty. It’s going to hot up that’s for sure.
lets hope he does take the stand, because has you said he will do himself
more damage by denial, and the judge does feel theres a case to answer for
so will hopefully not take to long making up his mind.KRO.
Prosecution case closed and now the turn of the defense. It is now that we will see which way this trial will go and which way the judge will steer it. If CY’s team have done their homework, and they can prove the validity of the transactions, then he will have nothing to worry about …unless of course, only he knows the truth?
Looks like the club have scored another own goal by appointiing a company that promotes smoking as sponsors. I usually buy four shirts, one for me and three for siblings. This year I will not be buying a shirt, last time I did this was when the Kumars released the Mark one shirts that looked like someone had been sick over them. It’s a sad day when the club can’t get something as simple as the shirt sponsor sorted. What the club gains in sponsorship may well be lost in poor shirt sales. I have nothing against smokers but this kind of advertising will be visible to children.
I think the idea is for people to stop smoking. It could be good news for pubs and clubs too… a cigarette that’s safe in any environment. You can’t ban someone for smoking who isn’t actually smoking. I think it’s a great idea.
What is all this rubbish about promoting smoking? The sell ELECTRIC cigarettes. They are an aid to giving up smoking. Oh and they are completley legal to use anywhere and are classed as a drug. Would you have a problem with a pharmaceutical firm sponsoring us?
Beggers can’t be choosers, if it’s a good deal for the club I for one are happy, GET A LIFE Kro
Absolutely 100% agree
The club should be applauded for supporting a product that can prevent cancer, some people are unbelievably thick.
I’ll be covering this in more detail tomorrow.
I certainly will not buy club shirts this season for myself and son how outrageous to have children advertising a smoking aid the club should be ashamed of themselves….
Just goes to show how low this club will sink to get some cash into the bank…i for one am going to email club to tell them my disgust…..for all the good it will do….
Marky…
So if you have children simple question is this>>> Would you like your children to advertise smoking in any way shape or form….
Chris
have you missed the bit about it not being on kid’s shirts?
The point is, it’s NOT promoting smoking… it’s promoting giving up! What’s not to like? I smoked for 30 years… and quit 14 years ago. I wish they’d had something like this 25 years ago, I may have quit a lot sooner. I think the company and BCFC should be proud of promoting this product. It could save many thousand of lives (or more.)
and supporting Harry nice gesture………..kro
Sorry yes i must have apologies to all…especially to marky…soz mate….
Takes a big man to apologise. Good on ya Chris!
You don’t have to apologize for having an opinion Chris, I think we should wait until tomorrow when Dan will open it up for discussion.
What utter rubbish it has nothing to do with anyone who smokes and who does not, we are talking about an aid to stop smoking.
comment edited – no politics here.
Dan- does that deleteing pen ever run out lol
Agent you need to understand what this product does it is an aid to stop smoking not promote it bring in the cash I say.
Personally I dont care much about anyones kids other than my own, who thankfully have had the iq never to start.
E Cigarettes my learned friends are full of nicotine so they are just another form of cigarette designed to encourage addiction. Tony there is no correlation between IQ and smoking. I’ve always found that IQ’s are a bit like class, people who have it don’t need to talk about it.
This is a most unfortunate sponsorship association for our club given that we already have Marlon King’s history, and Yeung’s trial. How unpleasant to have such associations.
:-)
:-)
Quote:
”
Carson Yeung’s margin account traded more than HK$500m
Defence presents securities records that show football boss was highly active in margin trading
.
.
.
A margin account held by Birmingham City Football Club boss Carson Yeung Ka-sing traded more than half a billion dollars of shares in six months in 2001, a court heard yesterday.
Trading statements from Taiwan Securities (Hong Kong) showed the account was in huge use that year, the firm’s former employee Lam Hiu-tung said.
Lam said Yeung was one of the biggest customers with his firm at the time.
.
.
Yeung opened the margin account with the firm in 1999. Most of the transactions took place in 2001, and the balance in the account dropped to zero in 2005, the court heard yesterday.
”
End quote.
If similar Account activities betwen Carson and his father, shows similar dead activity from 2005 onwards, the BCFC purchase need not be embroiled – regardless of the wild statements put out by the Prosecution. And faithfully reported by yourself AJ
:-)
PS
I can’t communicate or even read you on Twitt anymore, (have you blocked me? ) – not to worry –
Devil’s Advocate going to work
:-)
I have not blocked you Letsby… have you unfollowed me?