Carson Yeung was today jailed for six years for laundering HK$721 million through Hong Kong bank accounts.
Yeung was convicted on yesterday of five counts of laundering between 2001 and 2007.
Graham Harris SC, mitigating for Yeung, said this was a “significant fall from grace”.
He added: “He came from humble beginnings. Through his own hard work and significant entrepreneurial skills, he rose through the ranks.
“He`s gone from rags to riches and he is likely to return to rags.’
Yeung bought Birmingham in 2009 and resigned as the club’s president and and director last month.
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