LIBERIA: 2 Chinese Jailed On Charges Of US$60k Tax Fraud

Two Chinese businessmen in Monrovia have been detained at the Monrovia Central Prison for allegedly duping the Liberian Government of US$60,000 in taxes and economic sabotage.
 
Ding Shu Jun, owner of the W.J. Building Materials Store, and Tim Tim of the China Shan XI Construction and Engineering Corporation, were arrested on June 24 and charged with economic sabotage and tax evasion in violation of Section 15.80 of the Penal Code of the Republic of Liberia.
 
Stipendiary Magistrate J. Kennedy Peabody, who ordered the arrest of Ding and Tim, said the pair with “wicked and criminal intent” purposely connived and conspired to evade taxes under a duty free privilege permit given to the China Shan XI Construction and Engineering Corporation.
 
The two are said to have received several consignments of building materials for the Monrovia Vocational Training Center (MVTC) project, but Tim allegedly conveyed the materials to Co-defendant Ding’s W.J. Building Materials Store to be marketed, despite warning from the Liberia Revenue Authority (LRA).
 
The LRA, which reported the crime, explained that the ‘duty free’ given to Tim was for the importation of building materials to be used in the expansion project of the MVTC, a Government of China Aid program.
 
The defendants’ alleged act caused the government to lose revenue to the tune of US$60,000, thus leaving the LRA with no other alternative but to complain to the judiciary for legal redress.
 
Meanwhile, Ding and Tim are currently detained pending the completion of a criminal appearance bond and subsequent trial.

LINA

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