Hong Kong’s High Court overruled a lower court decision allowing Birmingham International Holdings Ltd. (2309) Chairman Carson Yeung to leave Hong Kong while on bail, according to Yeung’s lawyer Clive Grossman.
“The reason given was that there is a risk he may not come back,” said Grossman about the ruling by Judge Peter John Line in Hong Kong’s Court of First Instance today.
Yeung was allowed last month by a lower court judge to travel to London from Sept. 15 to Sept 19 to meet with players and management of British soccer club Birmingham City. Yeung is charged with five counts of money laundering involving HK$721.3 million ($92 million).
Hong Kong’s Department of Justice asked the High Court to review the lower court’s order at a closed-door hearing today.
Department spokeswoman Sherlin Fu confirmed the result of the hearing. She declined to further comment on the case.
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