Often Partisan

The Carson Trial – Day 8

More security firms were called to the witness stand in the eighth day of hearings of the  ongoing trial of Carson Yeung on five counts of money laundering.

Wen Wei Po reports that the Prosecution called Tang Sui-kei, of Guotai Junan Securities to the witness stand, to testify about Carson’s account activities with that firm. Tang confirmed that Carson opened an account with his firm in September 2001, and that at the time of opening the account Carson told the company that he had an annual salary of HKD1million (circa £84,000). Tang also confirmed to the court on cross-examination that Carson traded over HKD100mil (circa£8.4mil) of volume through the accounts in 2001-2, and that the firm wouldn’t have paid Carson his profits in cash but in a crossed cheque made payable to Carson only.

There was also a statement read out from Lippo Securities which outlined massive amounts of money held by Carson in accounts there. This came in stark contrast to tax records that showed Carson declared zero income between 1999 and 2003.

The case has been adjourned until 9:30 am, Monday 20th May (2:30am BST).

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