Foshan Yuejiaxin Wire & Cable Co., Ltd., a China-based company, has issued a public disclaimer accusing Singaporean citizen Mr. Toh You Kang of defrauding the firm of millions of dollars in transactions across Asia and Africa, particularly in Ghana.
The company alleges that Mr. Toh misappropriated funds intended for legitimate business purposes, including money entrusted to him by their firm and Ghanaian businessman Mr. Emmanuel Ashie Moore. Currently, Mr. Toh faces multiple fraud charges in Ghana, where authorities are actively investigating the case.
The company has pledged full cooperation with law enforcement, providing documentation and evidence to support the prosecution. Ms. Liang Liubing, the Managing Director of Foshan Yuejiaxin, personally traveled to Ghana to submit evidence to the Ghana Police Service and deliver an official statement. The firm has also expressed solidarity with Mr. Ashie Moore, reaffirming its commitment to ensuring justice is served in the matter.
Foshan Yuejiaxin has urged anyone with further inquiries to contact them directly, providing phone numbers and an email address for correspondence. The case highlights the risks of cross-border business dealings and underscores the importance of due diligence in international transactions. Authorities in Ghana and China continue to collaborate to bring the matter to a lawful resolution.
