Carson Yeung says he accepted $2 million from suspected triad in money laundering trial

By Christine Duhaime | October 25th, 2013

Carson Yeung, the Hong Kong tycoon who is on trial in Hong Kong for alleged money laundering admitted in Court that he accepted 12 wire transfers totalling approximately $2 million in funds from a Macau casino that were sent by an alleged Triad boss - Cheung Chi Tai. Mr. Cheung is also alleged to have had ties to a junket operator named Neptune Group. Junket operators brings wealthy residents from Mainland China to Macau to gamble. Mr. Cheung is alleged to be the boss of the Wo Hop To, a Hong Kong based Triad gang located in Wan Chai. Mr. Yeung maintains that he became wealthy running his hair salon in Hong Kong and trading in penny stocks.

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