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The Carson Trial – Day 5
Prosecution witness Dilys Li Yuet-Mei continued to give evidence in court today in the ongoing Carson Yeung money laundering case.
Li, who is general manager at Kingston Securities confirmed that both Carson and his father Yeung Chung had accounts with Kingston Securities in the period in question. She also confirmed that in 2007 Carson had borrowed HKD140million (circa £11.7mil) from Kingston although she couldn’t confirm if it was for personal use or to buy Birmingham City.
When it was pointed out to her that Carson had looked to borrow as much as HKD650million (circa £55mil) from the firm, she advised she would need to check more files in order to answer the defence cross-examination.
Ms Li also confirmed to the court that whilst Kingston had made cheques or bank payments to Carson, they had not given him cash.
BIH (then named Grandtop) took out a £57million bridging loan from Kingston Securities to complete the purchase of the club in 2009.
The case will resume tomorrow, not before 12:00noon HK time (5am BST)
Tags: Carson Yeung, Dilys Li Yuet-Mei, Kingston Securities, The Trial
14 Responses to “The Carson Trial – Day 5”
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Since this has been going on Chris huhne has been caught speeding blamed his wife divorced her , arrested sentanced and been released !
HK justice is slower than Steven Caldwell!!!
Lol
Nothing to add, may as well end this blog now.
It took 10 fecking years to get Huhne into Court.
I agree with Carlos, Not sure the length of time quoted for this trial will even cover the ” Openings “,
Oldbluenose and Carlos. All trials involving financial irregularities are very complex and take a long time – even in UK. I was once called up for jury service and was on the shortlist for a timeshare scam and was told it would take anything from 6 months to a year. I have no idea how long it took to get to court in the first place, but I imagine that took a while too. I was very relieved when I did not “make the cut”, because of the length of time, but also because the defendant was a nasty piece of work. In any case I decided to follow the trial and it did indeed take over six months.
I remember a conversation with someone once about when Terry Venables was tried a few years ago, the paper files of evidence allegedly took up space of a room from ceiling to floor.
K,R,O. Yes, I understand what you say, Just that with so much uncertainty, Carson’s trial,!!. B,I,H. shenanigins, !!. Not to mention the MOST important, — The Blues, — At ” sixes and Sevens ” because of no financill input from the owners, !!.
Judge Judy would have it wrapped up in 30 mins
Guys, whilst your waiting for the outcome, you night want to read this!
http://www.literaturepage.com/read/warandpeace.html
KRO&0&0&0&0&0&0&0&0&0
Sol;, I have to log-off, now as I will be extremly busy for the next few years,?. Chuckle, !!!.
So Carson borrowed £11.7m then might have asked to borrow some more (but we’re not sure) and then did borrow £57m in a bridging loan. Can’t believe that took a day to go through when you’ve just given a link to the bridging loan.
I wonder what the football league would do if Birmingham were in fact bought out with laundered money, proven in a Hong Kong court. I also wonder what part had in this, accessory? Accessory, after the fact?
This could be a right mess. Lets hope the kids and lower division purchases can put in a good term next season.
*what part Pannu had in this*
Day 5 on Big Brother. The court adjorned till the weekend so they could have afternoon tea and the judge could have a nap. The prosecution called up Carsons former barber to give evidence. The defence said PP had no need of a barber anymore….
Meanwhile back in blighty LC had come back from a jolly in the sun and he was now busy implementing a total football kickabout with the kids in the park. Terry Mc went down the pub instead.
@ Steve O ” wonder what the football league would do if Birmingham were in fact bought out with laundered money, proven in a Hong Kong court.” Might be cause for concern for the previous owners.