Birmingham City News 24/7Writer: Foxxy 
Date:Thursday June 30 2011
Time: 12:18PM
UK time is: 04:58:45
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Yeung charged in Hong Kong
TweetBirmingham owner Carson Yeung has been arrested and charged with five counts of money laundering involving the sum of £59million.
Yeung was in court in Hong Kong on Thursday to answer 5 counts of 'dealing with property known or believed to represent proceeds of an indictable offence'.
The charges were for offences allegedly committed before his involvement with Birmingham City, between 2001 and 2007 are the dates given.
The South China Morning Post reported that Yeung was released on bail of £558,000 until the next hearing, which is on August 11.
He was also ordered to surrender his travel documents and report regularly to police.
Yeung took full control of Birmingham midway through the 2009-2010 season in an £81million takeover from David Sullivan and David Gold.
Birmingham issued a statement on Wednesday insisting the situation with Yeung was not related to the club's holding company.
Peter Pannu added: 'People are reminded that in recent years members of the previous board were placed on bail for a significant amount of time and nothing came of it.
'I am only using this as an example to calm any fears. The law says a person is presumed innocent until proven guilty.
'Until I find out more information about this matter there is no further comment to be made.'
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Your Comments
Easy to wriggle free of justice in ol' blighty, not so easy abroad!
I don't expect to see him again.
Mr Parker
It's hard to be an optomist when you are up to your neck in sh#@t and the crocadiles are closing in. In the history of BCFC will this be our most controversial period (assuming it's not our last period).
I remember growing up playing in the Birmingham amatuer leagues and having to pay 5 shillings to cover the cost of the ref and the pitch, now theres a novel idea for Blues to help pay the bills. Maybe we can get the players to donate!
Inner city apartments for sale, highly sort after residences on a new private site called......."St Andrews", ccould this be the future?
CY and the previous board appear to have a lot more in common than previously thought, a new definition for the dodgy brothers.
This is hardly the platform to launch a challenge back to the prem, the weather forecast predicts stormy weather with no sign of sunshine in the forseeable future.
Never mind, as Blue noses we will just Keep Right On.
Massa
Glory glory Birmingham City - you'll always be such a small club. It's a shame really
Valiant Villan™
Now who's laughing.
Green Villan
Naughty boy. Promotion? More like football league 1 for you lot.
Timmsy
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