Overview
- Canadian authorities have issued a Canada-wide arrest warrant for Wentao Yang after he repeatedly did not appear in court on criminal charges.
- Yang faces nine counts that include tax evasion and fraud filed by prosecutors in connection with his role at Kailas Energy Corporation.
- The Canada Revenue Agency alleges Yang used multiple transfers and foreign bank accounts to obscure consulting fees before depositing funds into Canadian accounts.
- Investigators say Yang helped facilitate purchases of Canadian oil and gas assets by investor groups in China and targeted properties were raided in 2018 by the CRA, RCMP and West Vancouver Police.
- The case traces to documents from the 2016 Panama Papers and follows the CRA’s broader review of nearly 900 Canadian-linked names, signaling a sharper push on offshore-related tax enforcement.