Hong Kong prosecutors have told former Birmingham City Football Club boss Carson Yeung Ka-sing to sort out his finances in a month or face jail terms after he missed a payment for his HK$338 million (US$43.4 million) debt resulting from his conviction in a money-laundering case 10 years ago.
Yeung, 64, on Tuesday appeared in the High Court six years after he was ordered to pay half of the HK$721 million linked to a high-profile money-laundering case. He was first convicted in 2014 and jailed for six years.
The prosecutor told the court that Yeung had already paid back the Department of Justice about HK$104 million over the years, during which the parties agreed to extend the repayment period due to pandemic and other factors.
But in July this year, Yeung told the department in a written letter that he was unable to make the required payment of HK$19 million, as he could only gather the funds after he managed to sell his property in The Peak.
The property was one of the four residential units at Richmond House on 31 Parker Road, with an area ranging from 3,203 sq ft to 3,845 sq ft.
