Latest / Edmonton News Today | 2 Min News | The Daily News Now!
Canada Seeks Ex-Businessman in Tax Evasion Case | Edmonton News
Canada has issued a nationwide warrant for Wentao Yang, an Alberta businessman accused of hiding $860,000 in offshore consulting income tied to Chinese oil deals — the first criminal probe in Canada sparked by the Panama Papers. Facing nine charges including fraud and false tax returns, Yang allegedly funneled money through foreign accounts before depositing it in Canada, and may now be outside the country. The investigation, triggered by the 2016 leak, has spanned eight years and includes a $770-million deal where Yang allegedly pocketed $11 million without reporting it. Authorities continue…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.