We track four people on their journey.
What's the cost of South Korea's drinking culture?
07 Mar 2014 14:28 GMT | Human Rights, Business & Economy, Asia Pacific, Football, China
A Hong Kong hairdresser turned football club owner has been sentenced to six years' jail for laundering an estimated $93m, declaring no earnings for five years despite depositing huge sums in several bank accounts.
Carson Yeung, who part-owns the English club Birmingham City, was sentenced by Hong Kong District Court judge Douglas Yau on Friday.
The trial heard how that 54-year-old Yeung and his father, who died in 2012, reported no earnings for four or five years between 2001 and 2007 yet had vast sums deposited into their bank accounts.
Some deposits were made by securities firms and a Macau casino company, while others were made by unknown parties, many in cash.
The charges are unrelated to Birmingham City, which Yeung bought in 2009 for $130 million.
However the prosecution will apply on April 3 to confiscate some $52m of Yeung's assets, which have been frozen by a court injunction pending the outcome of the trial.
The prosecution successfully argued during the trial that the $93m that passed through the five accounts had come from "unknown parties without any apparent reason".
The sum, they said, was "more than 300 times the total combined salary" of Yeung and his father.
Yeung had insisted he accumulated his hundreds of millions of dollars through stock trading, upmarket hair salons, business ventures in mainland China and investing in casinos in Macau.
Yeung had already resigned his directorships with Birmingham ahead of the verdict and his stake is now below 30 percent, ensuring he did not breach Football League rules concerning people convicted of offences involving dishonesty.
Obafemi Martins scores dramatic late winner to win Carling Cup for Birmingham City with 2-1 win over Arsenal at Wembley.
First manager Alex McLeish deserts them after relegation, now City owner Carson Yeung is charged with money-laundering.
Content on this website is for general information purposes only. Your comments
are provided by your own free will and you take sole responsibility for any direct
or indirect liability. You hereby provide us with an irrevocable, unlimited, and
global license for no consideration to use, reuse, delete or publish comments, in
accordance with Community Rules & Guidelines and Terms and Conditions.
West Bengal long suffered cancerous effects of arsenic-laced water, but projects to provide clean water show promise.
Health, Poverty & Development, Environment
Muslim fashion designers reflect on a rapidly growing industry.
Arts & Culture, Islam, Business & Economy
Americans' passports could be seized if they owe more than $50,000 in taxes, but could this law be unfairly applied?
Business & Economy, United States, Politics
How peat swamp destruction in Malaysia is causing devastating health problems and irreversible environmental damage.
Environment, Climate Change, Climate SOS
Report covering 2011-15 period urges targeted sanctions against individuals and groups guilty of "unimaginable abuses".
War & Conflict, Human Rights, Syrian Civil War, Syria
Steps unveiled during Merkel's visit include push to halt assault on Syrian city of Aleppo and curb "illegal migration".
Middle East, Syria, War & Conflict, Turkey
South Koreans drink twice as much liquor as Russians, but is this national obsession with alcohol reversible?
Health, Asia, South Korea
How improving relations between communist Cuba and the capitalist US will change the lives of people on both sides.
Politics, United States, Cuba
Mayotte is a magnet for Comoros islanders who risk their lives crossing hazardous seas in search of a better life.
Poverty & Development, France, Refugees
A three-part series looking at the history of France's black community and their long struggle for recognition.
Politics, US & Canada, France