A 39-year-old Chinese national, Yang Dan, is facing serious legal trouble after being accused of defrauding eight individuals and a local company out of more than $4 million. The suspect was arrested on March 17 in Po River, Bomi County, following an investigation by Liberia’s National Financial Crime Investigation Division.
According to authorities, Yang Dan allegedly deceived his victims by convincing them to invest in Duke Global Investment Limited, a company where he holds a 37% stake. The complainants, which include private individuals and the company itself, claim that Yang misrepresented his authority, telling potential investors that he was authorized to bring in new partners.
Over time, victims transferred a total of $4,581,031.85 (along with additional payments in Chinese Yuan) into Yang’s personal bank account in China, funds that were allegedly never used for legitimate business purposes. Other shareholders of the company later discovered the transactions and reported that they had not approved the collections.
When confronted by investigators, Yang Dan chose to remain silent, even after being informed of his legal rights. The Liberia National Police have since charged him with theft of property, a criminal offense under the country’s revised Penal Law.
Yang has been formally charged and is expected to appear in court soon to face trial. If convicted, he could face significant prison time under Liberian law.
