Often Partisan

The Carson Trial – Day 46

Carson Yeung denied in court today asking securities firm Chung Nam Securities to write off a debt of HK$2.5million lest he face bankruptcy in 2002 as his long running trial entered its forty-sixth day.

Carson told the court that “I didn’t owe them any money” and blamed an “erroneous transaction” for the alleged debt. The court had been shown minutes from Chung Nam Securities showing how owner Eugene Chuang had negotiated with the Blues President an 80% “haircut” in order to stave off potential bankruptcy proceedings, with Yeung paying off the debt in November 2003.

It contradicted prior evidence given by Carson previously, who had stated that he had not faced liquidity problems since the stock market crash of 1998 and refused to acknowledge that the debt had been written off stating that he would have been sued for it.

Carson also confirmed to the court that he had shared stock profits with Chuang in 2004 of nearly HK$3million, made in six payments into his account in August and September of that year.

It was tough day in court, with the prosecution trying to get Carson to give the precise details of his investment in Macau with a myriad of entities receiving and making payments to the Birmingham International Holdings chairman complicating matters. Carson had to be warned once again by the judge that he had the right to not self-incriminate himself when giving details of how he had helped invest in Neptune Group Ltd (stock code 0070) and how he had helped Lin Cheuk Fung become majority shareholder.

The court day was shortened due to the chief prosecution counsel John Reading SC being involved in another case and the case will be delayed again for two further days as the defence counsel Graham Harris is required elsewhere on Tuesday and Wednesday. With the judge being unavailable on Friday the case stands every chance of dragging into another week, further damaging chances of a verdict being heard before the Chinese Lunar New Year on January 31.

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59 Responses to “The Carson Trial – Day 46”

  • Gianni says:

    as always, great work Mr. Ivery.

    I don’t understand the reasons for the judge intervening when Carson is asked about transactions relating directly to BIH? It seems the law is on the prosecution’s side as Carson has to prove his innocence, but the judge provides counsel to the defense and keeps reminding him about his right to not reply.

    Such an oddball system!

    • almajir says:

      Not really – you have the right to not drop yourself further in the crap. Sounds reasonable to me

      • des says:

        think its strange that a judge has to remind you, excuse me mr yeung, time to stop digging, your in a big enough hole as it is!

        KRO

  • viperblue says:

    probably CYs worst day yet , being caught out with different tales about his income and having to
    be warned about incriminating himself.
    Surely the judge won’t let the case drag on for another full week( I understand no further progress
    this week)

    • almajir says:

      It’ll take as long as it needs to – and that’s the way it is. The prosecution has the right to keep digging for answers and if Carson answers things in a certain way it’ll take longer.

  • bluenoseb says:

    Delayed again there whole system is a f*cking farce. Surely this Graham Harris must of known he is supposed to be defending carson from the summer for this week and last , as a pointed out the other day i bet carson is devastated at this latest adjournment. Would not at all surprise me if come the end of this week they adjourn it till jan becus they have ran over the protracted court time again, its a joke!

    One thing that is coming to light with carson taking the stand is that the bloke is acting like a wet sponge the way he is nearly incriminating himself and others, and i would not be surprised at all if other investigations will be done on him whether he gets off or not in this case. To say he doesnt seem the brightest is a understatement and would explain alot as to why were in the position we are in wiv this clown calling the shots.

    • almajir says:

      One – asterisk swear words appropriately please

      Two – it’s the way things are. the cross examination wasn’t supposed to take this long – it has because time has been needed to get answers to questions and to clarify things – they were supposed to be done by thursday and the only reason they weren’t was because Carson took his time answering and gave answers that needed clarification further – and even that wasn’t underhand.

      As much as people don’t like it, it’s going to be a couple of months yet before we get a verdict, I seriously think February now.

      • bluenoseb says:

        Its obvious its the way things are, but i think considering this got adjourned was it November 2011 or 12 the first time? That to get to now and to be STILL getting adjourned due to the defence team taking other cases is taking the p*ss, surely this case should be put ahead of others now due to how long it has already taken. In other words why is it this case has to be adjourned when this is already in motion and not the others? To me the HK System is run as good as carson has run our club, both are an absolute joke!

      • zxcv says:

        So the question must be, Can BCFC survive until February on a day to day basis with no funds coming into the club.

      • Stephen Wood says:

        That does not bode well for Blues, (according to the DAILY MAIL ) Our finances are diminishing, & the prospect of the club going into Administration are coming closer, unless we can secure sufficient finances. AS is stated the HONG KONG Judicial system is its own Animal & take as long as it takes , regardless to Birmingham City FC , The Fans, or anyone involved who love the club. And in a way , you cannot blame Carson for wanting to protect his investment in the club. For me, the real villain in all of this is the FA for allowing Carson to have bought the club in the first place, He is an improper owner & the FA never did enough research into Carsons financial background to give the green light to the deal. BCFC are in the lap of the Gods or should that read the powers that be!

  • StaffsBlue says:

    Personally, I don’t really care if Carson Yeung is guilty or innocent. I have nothing personal against him. But, if him being sent down means he relinquishes control of the club quicker, then I’d throw him under the bus in a heartbeat. It’s all about the survival of our club, everything else comes a distant second.

  • pannusarse says:

    Why is it always this case that gets adjourned?why cant the other cases get adjourned because the lawyers are required on this case?are there so few lawyers in HK

    • almajir says:

      Do you not think other cases don’t get adjourned also? Do you honestly think this is the only long running case here?

  • Knobby says:

    I’m not a betting man (I’ll leave that to Carson and the baccarat tables) but if I was I would put money on him being found not guilty. I’d like to see him back at the club (without Peter Pan) leading us back to Wembley and the premier league.

    It does amaze me that that some fans want new owners. Here is a short history of Blues owners in my lifetime.

    Coomb family – gave us away to some bloke called Wheldon
    Wheldon – sold the training ground
    Kumar family – took us into administration
    Sully Van – Took £80 mill out the club
    Carson – Took us to Wembley

    Bring back Carson!

    • Monty says:

      Personally I hope he gets banged up then gets banged nightly,I’m sure more would agree with me wembley was nice while it lasted but the legacy he’s left behind is financial ruin a team worth 40 million plus has been sold,and just like when we had the kumars in charge administration is around the corner how can we trust someone who can’t do his own bookkeeping let alone BCFCs!

  • Oldbluenose says:

    Again, this case rumbles on, — and on, !!.

    I now well believe Daniels assertion that we will go well into the New Year, and STILL be awaiting a verdict which will hopefully end our [ B,c,f,C. ] nightmare, — wether for better or worse, ???.

  • Carlos says:

    Hi Almajir, just read a rumour on another site, have you bumped into Paladini in HK yet, he is supposedly out there.

    • John says:

      Paladinii would be wasting his time going to Hong Kong, it would appear these people are pig ignorant and would refuse to talk to him !

  • Art Watson says:

    Is this yet another Tom Ross rumour?

  • mark says:

    seems to me that people think Carson is playing the system, when quotes of million for his trial, either he happy about paying for it himself or is some-else is helping him……………..My question Dan how the hell how does he make payment to his lawyers, have enough to live on, and meet his mortgage payments if most of his money frozen?/// and supposedly does not have a pot to p**s in ………… verdict by when……….might even be past the January sales…………….hk law better than our system at least he;s getting a fair trial…………….

  • Dino Tiltoni says:

    From the excellent reporting we get from OP it would seem that CY is on thin ice. His evidence is flaky and he has little that is substantive to use. For us this must be pleasing, but it is bl**dy frustrating. Obviously there’s still some way to go and division 1 next season, with or without a points deduction, seems quite likely. I hold him and his associates responsible for the demise of our club and unlike StaffsBlue I do feel a significant amount of personal animosity towards him. The game is full of ‘colourful’ characters from the bottom up to the head of FIFA so I guess we shouldn’t be surprised. The previous owners were a pretty interesting bunch too but they knew how to run a business.

    • StaffsBlue says:

      Dino.. the only reason I don’t feel animosity towards him, because he never really got the chance to run us properly. None of us will ever know for sure whether things would have been different if his assets hadn’t been frozen and he’d been able to visit this country more often.

      The only this we DO know, is that, since we won the cup, this regime has been a complete and utter disaster and that a change of ownership would be the best thing for all concerned. As I said, I don’t have any animosity towards him, but I don’t want him as owner of this club a moment more than absolute necessary.

      • StaffsBlue says:

        * The only THING we do know

      • Chris W says:

        I agree, we will never know what might have been,
        After the cup final the players let the club down and where are they now?
        I think you said it before, like a marriage this one has irretrievably broken down and it is time to sign the divorce papers so all parties can move on,
        I have no animosity against CY, and along with the thousands at Wembley that glorious February afternoon he was the best thing since sliced bread.
        But there is no way he would be welcomed back to St Ans, and unless he has been spun a yarn that all is well on the support front he must know that.
        KRO+DNM

      • KeepRightcroydOn says:

        But the question has to be asked: why were his assets frozen? Why were BIHL’s shares de-listed? Why are the accounts continually late? Why did previous auditors wash their hands off the accounts? why have there been so many board room appointments, resignations, dismissals? Why did the Xtep deal go wrong? Why did CY sanction huge payments to PP? I’ll tell you why. Poor governance on the part of CY and his associates. This is why we are in a mess. All because of CY and his associates poor governance, so I don’t think it’s fair to say he was unlucky to have his assets frozen, because he brought it on himself.

        • Lee says:

          What are you talking about? This was always going to happen, he’s not up on this charge for no reason and have you actually not read anything on this site for the last year or so? Hes never actually had the money legally to buy/ own/run a football club, his whole life is a fairy tale, what has happened at blues was always going to happen, everyone does something a bit cheeky now and then but when you start dealing in the size of figures clown carsen has been then eyebrows will be raised and you will be called into question, your saying if his assets weren’t frozen things would be different, you sound like him, if he hadn’t done what he’d done he wouldn’t even be able to own a f*cking football club ya daft t*at

  • mark says:

    Carson will be please the u21 are through to the next round won 3-2 away king Arthur scored……..he must be delighted about our young crop of players………………

  • Blueswan says:

    Has anyone checked if the judge is a Villa fan?

  • Chris W says:

    Another excellent update, seems that CY and his court case is dragging on longer than Corrie.
    Though the longer he is on the stand the tighter the noose gets, I think he would have been safer staying stum.
    Only adds to our anguish and not likely to end in time for the January window.
    More rumours being banded around that Paladini has been seen here, there and in Hong Kong, if he is then good luck, if he isn’t then we have enough rumours without fuelling even more.
    Wish I had a crystal ball or the knowledge to work out where this is going and to what end, but not looking good fr CY or BCFC.
    KRO+DNM

  • Darren Brown says:

    Please ! Please can we see some light at the end of the road ?
    It’s looking very bad for all parties concerned.This is all a great big mess from all concerned !
    Can anyone see a way forward apart from the worst on all fronts !
    My glass is half empty.
    CV7Blue

  • BigmanSteve0 says:

    Almajir, next time you see Carson in court pass on a big fat ” djue lay ore ! ” from BigmanSteve0 in castle Bromwich. Thanx. Kro sotv

  • mark says:

    Dan- having gone through your previous blogs actually 45 days worth why the surprises by fans gosh it day 46………… on day one Dan told you of the pain, anguish, the suffering…………. Carson was never gone walk a way from 81mil, if you thought that you were absolutely bonkers…………………. Carson is a footballing fan…………………could you not see him how delighted he was winning that cup………exactly the same as us………delirious …………..people hate is the same as the Ides of march……………………….lol

  • fozzylou says:

    is it possible cy is trying to answer questions in a manner which could result in a mistrial and the whole process starts again.

    i find it very odd he repeatedly drops himself in the crap after being coached for weeks on how to answer questions and avoid elaborating when not necessary..

  • mark says:

    just one more thing of note – legacy is ready in the history books by carson 9th in premiership and league cup, which i would kindly like to add that vilers have not won this century………….. that what comes with glory you can usually get disaster…………..but would none have you taken this………..i wonder………………..i certainly would have………..and lets vilers kiss our arses………….it was like paradise…………………

  • Quokkasskip says:

    Good day all round for the prosecution.

    2 key things:

    A miriad of companies involved in payments is classic money laundering sign/tactics.

    2nd having your traders say they wrote of 80% of your debt during the period in question doesn’t support CY statement he made all his money on stock(and gambling).

    My opinion is the Carson is struggling.

    • bluenoseb says:

      It there was a word ever truly spoken its from carson in this article

      “This money was my winnings at the casinos. I gambled as if it was a business,”

      Just about sums everything up what this man stands for, his whole life is one big game to him, gambling with everything he’s in contact with. This kind of man even if gets sent down sum-were in his deluded head will still think he come out and give it a go at being a millionaire again. Well lets hope he lands no1 else in the shit inside the court else might not make it to the verdict day way them kind of people keep them selves out of trouble, if u get what i mean!

  • Ray says:

    The whole process I knew from day one would take ages, but I had hoped for a verdict by now. Just guessing by the news we get here and various other articles, but I’d say late next summer if we are to get new owners. Verdict in the new year and CY’s stubbornness to give way to selling by July.

  • Enckelman says:

    mark,

    look at where we are now though..i’m not one of these people who says it was worth getting relegated just to win the league cup thats generally the older fans saying that..to me its all about the premier league thats where the coverage,media,money,players are. yes we have won our 2nd major trophy but if you was asked the question before league cup..if you win the league cup you will be relegated to the championship with the possibility of administration and possibility of relegation to league 1..would you take the cup?
    I certainly wouldnt, thats why I don’t understand how people can still be grateful to carson..yes he won us a cup but the negatives he has brought us outweighs the positives im afraid.

    • KeepRightcroydOn says:

      Yep

    • StaffsBlue says:

      I have to agree. I’ve said it before… one cup isn’t worth all the sh*t we’ve gone through since. If we could have just stayed up that season, who knows where we would be today.

      • Chris W says:

        Staffs, I think if we had stayed up we would be in a deeper hole than we are.
        We would have probably had 5 or 6 Ziggy style contracts and CY would still have been in court.
        As I said it was the players who took us down then all jumped ship…
        I still believe that players should be forced to:
        A) stay at the relegated club for the first transfer window
        B) take a compulsory wage cut to the maximum allowed for the respective division
        C) only transfer to a club in their division or below for the first season of relegation.
        KRO+DNM

        • StaffsBlue says:

          Who knows Chris. At least we’d have still had the prem money. But, I still don’t think a cup is worth what we have today. Nothing.

          • Chris W says:

            I agree, bitter sweet memories….
            We may have had premier money but then we would still have hefty wage bills and CY in the dock, PP draining the blood out of us, I think a worse scenario, at least now we have a chance to regroup and rebuild after the storm.
            Lets hope for a cup run tomorrow, sorry tonight.
            KRO+DNM

  • Aussiebrum says:

    Almajar, I was wondering if CY is found guilty, can his son remain a director or is he a deemed associate.

    The same question could then be asked of Mr Panu leading to a worrying conundrum.

  • mark says:

    hi Enckelman 9th in premier and a cup any day mate there no divine right to be there…… staffs mentioned this before sorry to say it again players lets us down, took their money and ran, once relegation happened they all started crying to play in premiership, and f**k us …….my time goes as far back as Sir Alf Ramsey even though his stay was brief – through to the Jim smith era……………… ken Weldon what a delight he was……………….let me say this the stadium was terrible……………..but one thing i wont forget standing generated far more noise…… seats are cr*p imo……… could not swing a cat in the kop end……… maybe ask a leeds fan about premiership and European nights they fell like a stone but their attendance still 30,000 and over……………….that why we love football every now and then you get a kick in bollox……administration when this going to happen if it happens no one knows everything is speculation……. maybe a good cup run will help i will certainly be there how about you……………………

    • Enckelman says:

      yes of course ill be there..leeds attendance is 22k, which is half full for their ground. Im not old enough to remember those days, but I can tell you the time i have been a blues fan this is the worst state i have ever seen the club..i know some will say we have been in a lot worse of a state then what we are currently in but thats the just giving the mentality of a small club. people may hate them, but gold & sullivan provided the foundations to give us the potential to be a bonefied premier league club but all this has been ruined by the current regime and I am not enjoying the prospect of having to start all over again. leeds, portsmouth..both good examples of what our near future could look like. i’d take premier league, good attendances, regular second city derbies back any day.

    • StaffsBlue says:

      Absolutely agree about the players mark. They won, was it 6 points after the cup win? I couldn’t believe a Blues team capitulating so easily. I was disgusted with the lot of them. But I still don’t think one day of glory is worth 2 years of misery. Would you take winning the cup again this season, if you knew we’d be relegated to League 1? I know I wouldn’t. Still, we don’t disagree on much mark. :-)

  • bcfc1975 says:

    bloody hell mark are you reminiscing the old days

  • Frankie says:

    Was a GREAT day at Wembley and was proud to see Birmingham City bring some silverware back to the Midlands BUT I’d have sacrificed all of that to have stayed up and still be in the Premiership.

    Am sure Carson and his ‘team’ are already preparing for the appeal and am sure he’ll have the brassneck to go through with that rather than face justice.

    • almajir says:

      You are joking?

      Id never trade a cup win for staying in the premier league

      • KeeprightCroydON says:

        Cup win was brilliant, but personally I’d much rather we stayed up than descend into the abyss we’re sinking into. The problem is over two years of misery with no end in sight, only uncertainty while many fans start to drift away.

        The only reason we are not a laughing stock is that nobody outside Birmingham seems to care. That’s how bad the situation is.

  • Frankie says:

    Yes, I’d swap it in a ‘heartbeat’.
    Had this discussion with a few pals and I’d say 70% agree they;rather stay up.

    Sounds like a poll (not Graham) issue …

  • river says:

    KRO isnt that our motto? i for 1 will always give my full support to the club no matter what league we r in.We are a big enough club to bounce back from this and admin if it happens,if we all stick together and keep the support there we will be back in the prem soon enough.We have all had to learn patience being blues fans so just be a little bit more patience needed here.I am convinced if more people went to the games and acted as the 12th man we would fly up the table we have a very young squad and the young players thrive on confidence and good support.Like i said KRO

  • nuneatim says:

    I dreamt since the age of 7 of seeing Blues win a major trophy at Wembley and to do so, with my own 7 year old son will remain with me till my dying day, long after seasons of Premiership midtable football have faded from memory. Cup Winners or Premiership also rans? No contest for me, however desperate things now are.

  • ray says:

    Carson Yeung is and remains to be a joke as a football club owner but it pains me to say that the real group that this mess traces back to is the Sullivan and the Golds. I hope West Ham are relegated to the bottom of the football league. Trust a bunch of Londeners to do this to a Birmingham Club. Better of with Paladini anyday. He has lived in Solihull since the 1970’s. Hope he eventually wins control. as he is a genuine supporter. Thje Sullivan and the Golds never were. I have met Karen Brady several times and I always thought she was too good to be associated with people like the porn merchant Sullivan .


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