Carson Yeung released from jail – report
FORMER Birmingham City owner Carson Yeung has been released from prison on bail according to the South China Morning Post.
The Hong Kong-based newspaper reports that he was freed from jail today after Hong Kong’s top court granted him the right to challenge his conviction.
Yeung was convicted of money laundering in March last year.
Chief Justice Geoffrey Ma Tao-li released Yeung on HK$7m bail and cash surety of HK$6m and ordered him to surrender his travel documents and stay in Hong Kong.
The decision comes four months after the businessman, who was jailed in March last year, lost an earlier bid to challenge his conviction in the Court of Appeal and means he is no longer behind bars in maximum security Stanley Prison.
Yeung bought Birmingham City in 2009.
He was jailed for six years last year on five charges of laundering HK$721m through five bank accounts at Wing Lung Bank and HSBC between 2001 and 2007.
