Often Partisan

Carson Court Date

It’s been confirmed by the Hong Kong judiciary that Carson Yeung will be back in court on Monday to hear the result of his appeal against his assets freeze.

The case, which is to be heard at 2:15pm Hong Kong time (7:15am UK time) in the appeal courts will see if Carson has won his challenge against the amount of his money frozen whilst he awaits trial on charges of money laundering.

I will of course update with the decision handed down once it’s been made public.

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20 Responses to “Carson Court Date”

  • AR says:

    You are brilliant. Keep up the good work & let’s hope he wins!

  • Atahualpa is a BlueNose says:

    Apologies Almajir.

    Have managed to track it down.

    This really could change the dimensions again.

    It probably will not have much bearing on the accounts, but it could mean Blues finally have a back-up to cover any projected shortfalls – even if BIHL are not doing too well.

    Partial uplifting of the freeze would be a resullt at this stage I would have thought.

    Echoing what AR has said in the previous comment – keep up the solid and reliable work – we need your blog to keep us informed with relevant, factual and balanced news, reports and viewpoints.

    Roll on Monday so that we can get some clarity at least. Just hope that CY has BCFC in mind whatever the outcome.

    • almajir says:

      I’m not confident that he will win.

      • Atahualpa is a BlueNose says:

        Would you say that the case for CY was not strong enough or that the state were persistent in their case for the status quo?

        Would the judges have deliberated for as long as they did, I don’t believe that CY would have chanced it otherwise unless of course he really is getting that desperate…………

        In your opinion, will it have much bearing on the club and its finances, if he were to suddenly have access to some of his frozen millions? I believe that with Blues being one of his major interests, he would be quite anxious to settle some of the uncertainty surrounding the club.

        • almajir says:

          There was a statement made in the first hearing whereby one of the judges said the amount frozen wasn’t “out of whack” with what was allegedly laundered. There did seem to be an element of “tough shit” about it.

          I think Carson chanced it cos he needs the cash desperately. As such, I don’t believe it will affect us positively but if he loses I think it will help loosen his grasp on the club. There are other implications I’m keeping an eye on which could come into play.

          • Atahualpa is a BlueNose says:

            Yep.

            I recall you mentioning the “whack” comment being made by the judge in the earlier hearing. That doesn’t bode well for CY then I’m afraid. It would seem that CY made his case on the basis that the amount in question was based on incorrect calculations by the authorities and therefore he felt he was being penalised unfairly.

            Again, agree with you it was a decision based on his ever decreasing options to access funds – his mates seem to have abandoned him – do they have some sort of inkling as to what the future holds?? So he decided to roll the dice again even though the odds are against him and it will signal to most that his tenure is in its death throes if he loses, because surely even he has to acknowledge that the game is nearly up as this saga has to end at some stage.

            What you mention about other implications coming to the fore, sounds intriguing……..

  • Paul Carter says:

    Win or lose the effect on our club will be zero.

    Nothing but a sideshow

  • Ken says:

    This has to be the worst situation us blues fans can be in there is no way Carson can explain all this money deposited into accounts meaning us blues fans are now facing major trouble as av no money, no chairman, no bank will help us out and no one wants to buy a championship team that is about to let the best manager in my 34 yrs as a blues fan go to another rival just like last season,And in all this we can’t even sign a free player as Carson cannot sign off accounts meaning penalties from hrmc and football league, fines we can’t afford.
    Bad times ahead for us blues fans

  • Pearcy says:

    Don’t watch the omnibus edition of Eastenders on Sunday Ken FFS !

  • Daddybluenose says:

    Personally I think it’s time Carson used the staff on his Universal Management consultancy company maybe they can give some advice to Carson and BIHL or is it that all these other overlapping companies only have one member of staff (Carson himself) and it’s all these other hidden companies that are affecting the upcoming accounts. If so would I be right in thinking that the trouble for Carson IS directly affecting BCFC or an I wide of the Mark and jumping on the conspiracy band wagon please tell me.

    • almajir says:

      Of course Carson is directly affecting BCFC – he was propping it up by infusing cash and he’s not been able to do that for 12 months or more…

  • Scoobers says:

    Even if part funds were unfrozen Carson does not have just Blues to think of.

  • Chris says:

    almajir, forgive my ignorance in these matters but would CY be allowed to sell Blues if his assets remain frozen should a suitable buyer come in?

  • bluesmandan says:

    I can’t help but think back to the time when CY first tried to buy BCFC and could not come up with the cash, the alarm bells should have been ringing loud and clear then. I hope for the sake of us fans it sorted one way or the other and as a club we keep CH and move forward.
    Excellent blog keep it up.
    KRO

  • Jay Sidney says:

    Bluesmandan posted the comment that he “can’t help but think back to the time when CY first tried to buy BCFC and could not come up with the cash, the alarm bells should have been ringing loud and clear then”. BANG ON THE MONEY, bluesmandan. Furthermore, this much was GLARINGLY obvious to everybody connected with BCFC – including the then owners – and, despite David Gold’s big talk about how he and his fellow directors wanted to ensure the club would only be sold into safe hands post any sale, how can he/they possibly not have known? How cynical is that?

    This nightmarish saga has dragged on for far too long now and, although the ever-informative almajir can obviously not know for sure what will happen at this latest hearing, his remark that should Carson Yeung lose this case, it will loosen his grasp on the club, then perhaps his defeat on Monday may be the best outcome and at least provide a glimmer of light at the end of the tunnel because there can surely be no positive future for the club with the current ownership.

    As for the recent announcement that a new investor has been found for BCFC, seeing is believing…

    • Atahualpa is a BlueNose says:

      Maybe that is why CY has tried this tactic of getting access to his accounts, so that he can try and cling on to the possibility of assuming control after his criminal case in November – if he is successful. If the decision goes against him on Monday, then we might get a sniff of who this new mysterious investor might be…

  • Griffblue says:

    If the Chinese laws on money laundering are anything like ours, he hasn’t got a hop,e unless YEUNG could PROVE the origins of the cash and that it did not come from crime or was derived from it. We will see, but I am afraid I am not hopeful.

    • almajir says:

      You have that the wrong way round. The onus is on the prosecution to prove the case and that Carson is guilty, not Carson to prove that he is innocent.

      Also, just to reaffirm – this court case isn’t a statement on his guilt or not, it’s just to confirm the level of his assets that can be frozen.

  • Griffblue says:

    If it was in the UK , a person could suggest to the court that the business is sold in the interest of fairness to other interested parties ,but his share of any proceeds would still be frozen even if the courts would allow it A management consultant could be appointed to manage his asset but I guess that would seem impractical in this case. In the UK if a person were convicted of a money laundering offence and they have an equivalent to something called criminal lifestyle in china , it will be up to the person to PROVE where their money came from or it could all be confiscated by the authorities and any assets realised and repatriated. I am no expert of course and when I talk about Mr Yeung not having a hope I refer to him getting his assets unfrozen if he was in the uk We ahve to wait and see and I really hope that what I have heard is wrong as it would be great for CY and for Blues if he could.

    • almajir says:

      Quite correct Griff – but Carson hasn’t been convicted of money laundering, he’s been charged with it. The trial isn’t until November 28. Thus there has to be the presumption that is innocent until he has been convicted of it.

      This appeal isn’t about guilt or innocence though – as I have stated before – Carson has appealed against the amount frozen because he’s saying that they’ve got their sums wrong – counting money twice and not allowing for appreciation of assets.


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