Hong Kong police investigate Birmingham City’s ‘missing’ £2.55m

• Trading of shares in club’s parent company suspended
• Police investigate ‘suspected misappropriation of funds’
• Birmingham quizzed by league over Yeung’s influence

The scandals that have attached themselves to Birmingham City since the 2009 takeover by Carson Yeung, who was last year sentenced to six years in prison for money-laundering, have taken a new turn with the announcement that an unnamed former employee “may have misappropriated” £2.55m (HK$30m).

The board of the club’s parent company, Birmingham International Holdings, which is registered in the Cayman Islands and floated on the Hong Kong stock exchange, said in a statement: “The board has recently discovered that … a former employee of the company may have misappropriated a sum of at least HK$30m belonging to the group since December 2013.

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