Chinese investor unmasks Ashie-Moore’s accuser in alleged US$5.8m business scam

A major twist has emerged in the $3 million fraud case involving Ghanaian politician and businessman Emmanuel Nii Ashie Moore, as the original complainant, Singaporean businessman Toh You Kang, now stands accused of misappropriating the funds under false pretence.

Speaking at a press briefing in Accra on Sunday (20 July 2025), Mrs. Liang Liu Bing, CEO of Foshan Yuejiaxin Wire & Cable Co. Ltd., said her company wired US$3 million to Toh You Kang to facilitate a business venture in Ghana; the establishment of a cable import and assembly operation — in which Moore was expected to play a role. She explained that Toh was engaged to act as a liaison due to language challenges, but nearly the entire sum disappeared under his watch.

According to her, only US$100,000 of the transferred funds was forwarded to Ashie Moore. The rest of the money, amounting to US$2.9 million, remains unaccounted for. While Toh has not outright refused to explain, Mrs Liang said he has failed to provide documentation or clarity on what happened to the funds.

“I trusted Toh You Kang to represent my company’s interest and to handle the transaction. But he betrayed that trust and pocketed the money. Ashie Moore was not the one who defrauded me—he only received a fraction of the funds,” she said.

She also revealed that her company dealt directly with Ashie Moore in a separate business transaction — the procurement and shipment of souvenirs worth US$200,000 for the 2024 general elections; showing video evidence of the goods being loaded for shipment and photos of her interaction with Moore and her own employees. She dismissed as false Toh’s claim that he procured the items on Moore’s behalf.

She also revealed that at one point, Toh You Kang demanded that she pay for expenses which he claimed Ashie Moore was demanding for their cost of living in Ghana. In response, she sent US$40,000 to be given to Ashie Moore—which, according to her, turned out to be false.

She added that Toh You Kang also demanded US$60,000 to purchase watches as souvenirs, out of which he gave slightly above US$10,000 to Ashie Moore.

Mrs Liang further alleged that Toh had threatened her and her family and tried to stop her from travelling to Ghana to give her testimony. She also claimed that he attempted to discredit her by spreading false rumours that she had a romantic relationship with Moore, a move she believes was meant to undermine her credibility.

“Toh You Kang has threatened my life, my family, and even tried to stop me from coming to Ghana,” she said. “He went as far as spreading false rumours that I had an affair with Mr. Moore to smear my credibility and stop me from testifying.”

During the briefing, Mrs Liang showed journalists transaction documents, pictures, and videos as part of the evidence in her possession. She said she is committed to sharing them with the appropriate authorities and the courts.

“Of course, all my evidence is real and I’m always ready to go to the court to bring them out and testify. It’s impossible to keep all these evidences to myself while this issue is going on. And I have a family and loved ones,” she added.

Her legal team also confirmed that formal legal actions have been initiated against Toh. According to them, criminal charges have been filed based on two separate offences—US$3 million for defrauding by false pretence and US$2.8 million for stealing.

“The Attorney General has consolidated the issues: $3,000,000 and $2,800,000,” her lawyer said. “Because it has crossed the threshold of the police, the police have put the two cases together and transferred the docket to the Attorney General.”

He explained that proceedings are ongoing. “As we speak, the $3,000,000 charge sheet is at the Adenta Circuit Court. On the 31st of this month, July, Mr. Toyuka would have to appear before the Dansoman Circuit Court to take further direction from the court. That is the reason why he was granted bail with conditions.”

“The $2,800,000 offence of stealing is yet to take effect. But obviously, once the Attorney General takes over, it will be put together and a new charge sheet will be provided at the High Court.”

Despite the threats and attempted obstruction, Mrs Liang has arrived in Ghana with documentation and evidence, which she plans to present to the Dansoman Division of the Ghana Police and the Circuit Court. She is expected to appear with her legal team on Wednesday, July 31, 2025.

The Dansoman Circuit Court is set to resume proceedings on the said date, and Mrs Liang’s testimony is expected to play a central role in determining the direction of the case.

The post Chinese investor unmasks Ashie-Moore’s accuser in alleged US$5.8m business scam appeared first on The Herald ghana.

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