Birmingham City Football Club owner Carson Yeung pleaded not guilty on Monday to money-laundering charges as he went on trial in Hong Kong, reports BBC News.
Mr Yeung is facing five charges of moving HK$720m (£60m) illicitly through bank accounts controlled by himself and his father.
The allegations predate Mr Yeung's involvement with Birmingham City, which he took over in 2009.
He was arrested in June 2011. The precise nature of the charges against him have not been publicised.
Trading in Birmingham International Holdings (BIH), the company which owns the Championship side, has been suspended since the arrest of Mr Yeung, its largest shareholder.