A 39-year-old Chinese national, Yang Dan, has been arrested and charged with defrauding eight individuals and a company out of more than $4 million. Yang was apprehended by the Liberia National Financial Crime Investigation Division on March 17 in Po River, Bomi County.
The victims, including individuals and Duke Global Investment Company, filed a formal complaint accusing Yang Dan of deceiving them into transferring $4,581,031.85 to his account in China. They claim that Yang misled them by promising investments in Duke Global Investment Limited, a company where he holds a 37% share.
Yang allegedly misrepresented his authority within the company, asserting that he had the right to bring in new investors. The funds, which were transferred in both U.S. dollars and Chinese Yuan, were sent to his account without the approval of other shareholders in the company.
Yang, who was informed of his rights during the investigation, chose to remain silent. He has been charged with property theft under Liberia’s revised Penal Law and has been forwarded to court for trial.
