Birmingham City owner Carson Yeung leaves court in Hong Kong in this file picture dated April 29, 2013.
- Owner of British soccer club Birmingham City Carson Yeung jailed for 6 years
- 54-year-old businessman was found guilty of laundering US$ 93 million between 2001 and 2007
- The Hong Kong tycoon acquired the British soccer club in 2009 in $ 130 million takeover
- Yeung said in his trial that he accumulated the money through businesses, stock trading and gambling
Hong Kong (CNN) — Carson Yeung Ka-sing, a Hong Kong tycoon and owner of British soccer club Birmingham City, was jailed for six years Friday for laundering HK$ 721 million (US$ 93 million).
The 54-year-old businessman was convicted by a court in his home city earlier this week.
“The sentence must include an element of deterrence to discourage those who are in a position to exploit the system,” said Judge Douglas Yau.
“Maintaining the integrity of the banking system is of paramount importance if Hong Kong is to remain an international finance center.”
Yeung previously denied the charges that he had laundered money between 2001 and 2007 during a 50-day trial that he had twice tried to halt, according to
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