Mr Yeung is Birmingham's largest single shareholder with a 29.9% stake Birmingham City FC's president Carson Yeung is to appear in court in Hong Kong later on money-laundering charges.
Mr Yeung is due in Eastern Court in his home city charged with five counts, said BBC correspondent Annemarie Evans.
He was held in custody overnight after being arrested by the narcotic bureau's financial investigations unit at his luxury home.
Mr Yeung took control of the English football club, who were relegated to the Championship in May, in 2009.
A police officer confirmed with local reporters that the 51-year-old man being held was Mr Yeung, our correspondent said.
Earlier, a statement put out by Birmingham City's acting chairman, Peter Pannu, said he believed the police inquiries in Hong Kong were nothing to do with the club's parent company or subsidiaries.
He said he had been informed by lawyers that Mr Yeung was assisting with inquiries that had nothing to do with Birmingham International Holdings Limited (BIHL) in Hong Kong and therefore nothing to do with the operation of club.
Mr Yeung worked in England as a teenager before becoming a hairstylist in Hong Kong. He made his fortune through investing in stocks in nearby Macau in the 1990s.
He is Birmingham's largest single shareholder with a 29.9% stake.
This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.
Source: http://www.bbc.co.uk/go/rss/int/news/-/news/uk-england-birmingham-13970534
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