A Canada-wide arrest warrant has been issued for Wentao Yang, a Vancouver man facing tax evasion and fraud charges connected to allegedly unreported consulting fees and international fund transfers.
Yang was charged on November 12, 2025, both personally and in his role as a director of Kailas Energy Corp. Authorities say the warrant was issued after he failed to appear in court.
The Canada Revenue Agency began investigating Yang following the 2016 Panama Papers leak, which exposed the use of offshore companies and complex financial structures to conceal money.
The CRA alleges that Yang helped Chinese investor groups acquire Canadian oil-and-gas assets. During the 2015 and 2016 tax years, he and Kailas Energy allegedly failed to report consulting fees.
Investigators say the funds were moved through several transfers, including foreign bank accounts, before being deposited into Canadian accounts in an effort to obscure their source. The allegations have not been proven in court.
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Originally published on Canadian Fraud News.
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