Often Partisan

The Carson Trial – Day 21

The first witness for the defence took the stand at the District Court today as the trial of Carson Yeung on five counts of money laundering entered its twenty-first day.

South China Morning Post reports that former associate director of Lippo Securities, Jackie Pan Chik told the court that Carson was one of his highest volume clients. The court also heard that it was very common for speculative traders to hold more than one securities account.

According to HK who’s who website www.webb-site.com, Mr Pan is a previous independent non-executive director (INED) of Sing Pao Media Enterprises, which is 11% owned by Carson Yeung. He is also a former INED of Chinese Energy Holdings, which has had former BIH INED Raymond Yau as it’s chair for five years until February and has current BIH INED Carson Wong as its financial director.

Furthermore, Mr Pan was also once a large shareholder within BIH itself, buying and selling 9.56% of the company during a single week in 2011.

The case resumes tomorrow at 9:30am (2:30am BST)

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  • Oldbluenose

    No fireworks or revelations then, ?. It is hard to see or understand how so little seems to come to happen each day,. ??.

  • StaffsBlue

    Cor, talk about familytree.com. I don’t mean this in a derogatory way…. but it all seems very incestuous, with various different characters being directors etc of all the different branches of Carson’s interests. It’s a good job the experts know what they’re doing.

  • BlueSince83

    So his defence witness, in a money laudering trial, bought and sold almost 10% in shares in the same week. Placement. Layering. Integration.

    • zxcv

      my exact thoughts when i read it. lol

      • Nicholas

        Carson yenug need get out mean he had nothing real money I think better somebody else need take over Birmingham city save the football club I don’t want make worse Birmingham city football history and save good name of club in future!!!

      • http://Facebook Stephen Wood

        Gossamer thin opening Defense guys. Maybe he have an Ace in the Hole but for me the whole thing reeks of corruption . Perhaps not a popular view but answer me this guys. Do we really need this kind of influence at BCFC?? Even if he is found Not Guilty, for me there are far too many anomalies to warrant this guy to be involved in any way at St Andrews. We need huge investment at the club, but not at any price!!

  • Chris

    not exactly the explosive start to the defense case ditto about the thoughts on buying and selling of the shares…

  • RUPERT

    Why do you post on SHA mate ? You don’t deserve to have the stupid throwbacks from them each time you post important information on that site.
    A truly terrible “fans” forum. Keep up the good work OP you do a fantastic job keeping supporters in the loop.
    SHA most of you go back to ville park

  • DoctorD

    Al – the link to the South China Morning Post story is broken…

    • almajir

      Try now

  • SteveC

    When do the ‘dancing horses’ come on ??
    I still think Carsoon should have gone with the ‘found all the money down the back of the sofa’ ‘defence’.

  • George

    The witness said CY was a high volume client. So he is saying CY was regularly speculating to earn large returns. Also CY had other security accounts, which is not uncommon with high risk, high return speculators. So its reasonable evidence to prove he was earning legitimate income.

    Nothing wrong with the witness knowing CY and being a BIH shareholder and speculator. Lots of HK banks and institutions did the same. It’s the sort of people he would mix with everyday.

    So far the prosecution have not proved an illegal source of income and now the defence are starting to prove many normal trading transactions were carried out.

    CY will get out of this with a maybe only a minor charge being proved.

  • jazzzy786

    I used to play a game called PANG on my Atari ST years back. Just hearing that name made me go misty eyed remembering my misspent youth.

    • Blue blood

      Pang was an amazing game, shooting the balls until they have all gone lol Carson looks like he will get off lightly, he should sell up after this is all over or invest massively

  • SteveC

    Hey George,

    if everI am up on ‘charges’ anywhere.
    Would you promise to come and defend me ..?

    priceless !

  • Bcfc beast

    Almajir, How many days is the trail expected to last?

    • almajir

      Originally was down for 25, I reckon it’ll be 30-35 myself at the moment

  • Bluenosesol

    Maybe nothing wrong with “knowing” the witness, but I would hope for CY’s sake that the defence have some independants waiting in the wings!!

  • SteveC

    I actually think he’ll get off too but it won’t be on the back ao any evidence like this.
    Think P.P has a ‘cunning plan’.

  • Alex T

    If all this income is ‘News’ to the authorities, he should at least be found guilty of tax evasion (or is it avoidance, I can never remember) whether it is legitimate or not.

  • http://www.vein.co.uk Bazzathebluenose

    I’ve got a cunning plan: Why don’t we ask Carson Yeung “Are you a money launderer?” :-D

    • StaffsBlue

      … and what if he says 没有? (or words to that effect)

    • http://Facebook Stephen Wood

      Love it Baldrick!!

  • Bluenosesol

    They did ask him, he actually said 没有共产党就没有新中. Its all Chinese to me!

    • StaffsBlue

      That’s easy for you to say lol

    • almajir

      “Without the communist party there would be no New China?”

    • StaffsBlue

      Without the Communist Party there would be no New China

      Very relevant. Is it?

      • StaffsBlue

        Snap

    • http://Facebook Stephen Wood

      Thats Chicken Fried rice at my local Takeaway!

  • StaffsBlue

    在靠右 I say!

    • almajir

      Okay, we can all use google translate.

      Let’s leave it there, eh kids.

      (especially as that’s Mandarin and Carson would speak Cantonese, a different dialect altogether…)

      • mark

        well spotted DAN

  • kpg

    Thanks for posting daily update.
    Everyone needs to remember Carson needs to prove his innocence in a money laundering case.
    It is Guilty until proved innocent!

    KRO

  • http://oftenpartisan Tony

    What I would like to know is why do most of these guys have easily recognisible English christian names James John etc?.

    • chudlt

      Didn’t the British lease HK for 100years?

  • http://oftenpartisan Tony

    But did they get around that much lol

  • mark

    barber shop called “Vanity”, where Carson worked I did chuckle……

  • mark

    Carson would have had to do a lot haircuts cut……..even so £40 time cannot not be sniff at……..
    wonder if Carson charge the judge for he his cut and dry…… come on fans how do you think he accumulated this wealth……just by gambling alone get real…….

  • mark

    sorry Dan- imo I think the tide is returning in Carson favour, slowly but surely Carson’s defence team will nullify the prosecution claims…………….

  • mark
  • StevieW

    I see the chinese bug is kicking in, posters translating to mandarin. OK its not Cantonese but it is a start.

    Also do I detect a general belief that Carson could walk.

    I just cant wait for the next chapter, “Return of the prodigal son” or should that be Carson?

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