Monrovia, Liberia – The Monrovia City Court has officially scheduled a preliminary hearing in the case involving Chinese national Yang Dan, who stands accused of orchestrating a multi-million-dollar fraud scheme against several fellow Chinese investors.
The hearing is set for Friday, June 6, 2025, at 10:00 a.m. at the Temple of Justice, under the gavel of Associate Magistrate Cllr. Andrew N. Bropleh.
This development was made official through a Notice of Assignment issued by the court, under docket number MONT/MCC/CRC/476/2025, with the charge listed as Theft of Property.
The document, addressed to the Acting Magistrate Police, Captain Charles Bloyuefloh, instructs both the plaintiff and defense counsels to appear in court for the hearing.
The criminal complaint, filed on March 4, 2025, accuses Dan of defrauding a group of Chinese investors of over US$6 million through the unauthorized sale of shares in Duke Global Investment Limited, a company legally registered in Liberia on December 8, 2023.
Scheme Uncovered
According to documents from the Financial Crimes Investigation Division (FCID), Dan allegedly misrepresented himself as having authority to negotiate and sell shares in Duke Global.
While he was listed as a co-incorporator holding a 37% stake, investigators revealed that Dan never paid for his shares and, therefore, lacked legal ownership or the authority to sell equity.
Victims of the scheme include prominent investors Luo Wei, Chunmei Yin, Hong Yin, Wei Jing, and Lijun Ding, who were promised shares in the company’s expansion ventures—ranging from gold mining and rice importation to a water production plant in Bomi County.
One of the largest victims, Luo Wei, reportedly paid Dan RMB 17.2 million (approx. US$2.37 million), while Chunmei Yin paid RMB 1.08 million (US$148,430). Hong Yin and Wei Jing are said to have each contributed RMB 2 million (US$275,482).
The total amount misappropriated is estimated to exceed US$4.58 million.
Fabricated Projects and Misrepresentation
Beyond Duke Global, Dan allegedly used a Hong Kong-based company, Danwei Investment Limited, to continue soliciting funds under false pretenses.
He is also accused of entering into a fraudulent “Cooperation Agreement” with Shanghai Jinxin Network Technology Co., Ltd., through which he diverted another US$148,430, pretending to initiate a rice and building material import business in Liberia.
Several of the promised ventures-including a supposed water production plant in Bomi County-were found to be nonexistent.
When investors arrived in Liberia to inspect the progress, they discovered that no operations or infrastructure had been developed.
Legal Representation and Government Response
The Duke Global is represented by Cllr. Abraham B. Sillah, while the defendant is represented by J. Johnny Momo and Associates Legal Chambers Inc.
The court has directed the Acting Sheriff of Monrovia City Court to ensure that both parties receive a copy of the assignment and appear in court on the scheduled date. Failure to do so could result in contempt proceedings.
