Birmingham City owner Carson Yeung has been found guilty of five counts of money laundering by a Hong Kong court.

The verdict was announced on Monday, with Judge Douglas Yau stating that Yeung was "self-contradictory" in his testimony, and that he was "making it up as he went along".

The 54-year-old businessman, who bought Birmingham in October 2009, was arrested in June 2011 and charged with the laundering of HK$720 million (£55m) between 2001 and 2007.

Yeung resigned as the Championship club's president and director in February this year.