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Carson Yeung Court Case Factfile

Carson Yeung’s Open Court Cases

CACC101/2014, FACC5/2015 and FACC6/2015

This relates to Carson’s appeal against his criminal conviction and is covered under the criminal case factfile.

HCA455/2014

This relates to a sum of money (HKD2.32million) a finance company called Hansom Finance Ltd claim Carson Yeung owe after defaulting on a loan.

HCA221/2014

This relates to a writ filed against a mainlander called Chen Lixue with respect to two BVI companies Carson says that were supposed to have been transferred to him. No court date has currently been set.

Carson Yeung’s Closed Court Cases

HCMP 2457/2011, HCA1847/2012

This case centres around a claim for repossession of Carson’s house on Barker Road made by Wing Hang Bank as security on a defaulted loan.

This case was heard on June 4 2012 and has been ruled in favour of the bank. Carson has been given 56 days to repay the principal sum of HK$50million plus interest or to vacate the premises.

Carson’s mother and his wife have both appealed against the decision, stating that they did not receive court documentation in time and insisting that they both have a financial interest in the house. They state that Carson didn’t own 100% of the property and therefore wasn’t entitled to seek a mortgage against it as he only owns a 25% share.

At a hearing held on October 19 Yung Sui-ma (identified as Carson’s mother) and Wang Lifei (identified as Carson’s wife, also known as Wang Man-Li) were given 14 days to present evidence to show that they had the ownership of the property as claimed. The repossession of the property was also continued to be put into abeyance.

There was a further hearing on January 31 2013 where the judge dismissed Yung and Wang’s attempt to join the suit, and reaffirmed the repossession order. The judgement is available online here.

The case is now up for a further appeal against the master’s judgement with a hearing set for October 16 in the high court. This was dismissed and as of yet no further appeal has been confirmed.

DCCC860/2011

(see Criminal Case Factfile here)

This is the main money laundering court case that Carson Yeung is facing. Carson was arrested on 29 June 2011 on five counts of money laundering. The case centres on cash amounting to HK$721,287,606 (circa £59.7mil) moved into and out of five accounts that were held by Carson Yeung and his father Yeung Chung.

Carson was found guilty on all five counts and sentenced to six years imprisonment.

HCMP 1254/2011, HCMP 2595/2011, CACV8/2012

These numbers relate to the asset freeze order currently in place against Carson, which he unsuccessfully appealed against on 28 May 2012.

The asset freeze order is against four respondents; Carson Yeung, his father Yeung Chung, his ex-wife Li Wing-Sze, Terrenz and a company called Success Orient Investment Ltd.

The asset freeze order stipulates that the Respondents must not:

(a)  remove from Hong Kong any of the property which is located in Hong Kong, whether in their own names or not, and whether solely or jointly owned; and

(b)  in any way dispose of, or deal with, or diminish the value of any of the properties, which is located within Hong Kong or outside Hong Kong, whether in their own names or not, and whether solely or jointly owned.

(ii)  made charging orders in relation to a house at Barker Road registered in the name of Success Orient Investment Limited, the 4th Respondent, which was said to be controlled by the 1st Respondent, and a flat at Breezy Path, which was jointly owned by the 1st Respondent and his wife, the 3rd Respondent.

Carson appealed that the amount that was frozen was overly high and didn’t take into account the fluctuation in property value of the property in Barker Road or the movement of cash between the five accounts that are in question.

This was dismissed by the sitting Judges, the Hon Tang VP and Fok JA on May 28 2012.

The full judgement on this case can be read on the Hong Kong Judiciary site here.

HCMP1546/2012

Carson appealed to the court to allow him to travel to Shenzhen, PR China to oversee his father’s funeral arrangements. Despite his brother in law Ma Shui Cheong offering to extend his bail by a further £400,000, the request was denied as Carson was seen as likely to abscond.

Carson appealed against the original decision in a hearing on August 22, this time offering an extra £1mil in bail (courtesy of Peter Pannu putting his house in Tai Po up as surety), asking for 2 days in Shenzhen and stating that he would be accompanied by his barristers. This was again rejected as it was seen as not in the public interest and the fear that Carson would abscond.

As yet there is no copy of the judgement online but I will link it as and when it is published.

HCAL59/2013

This case number refers to the application made by Carson Yeung to have his case heard in the High Court rather than the District Court.

Judge Alan Wright threw the case out, noting that it was a frivolous action for Carson to bring and ordered him to pay costs to the Department of Justice.

HCA1366/2010

This relates to sum of money (HKD20million) that it is claimed Carson Yeung owes a gentleman named Yung Sai Bing (Weng Shibing in Mandarin) with respect to the take over of the newspaper Sing Pao. There is no current date set for this hearing as the previous date set clashed with the criminal trial. Carson faces losing his apartment on Ying Piu mansions over this.

 

(page updated February 13, 2016)

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