A Canada-wide arrest warrant was issued July 13 for a Vancouver man formerly of Calgary after he repeatedly failed to appear in court in a Panama Papers-linked tax case, the Canada Revenue Agency says.
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Wentao Yang was charged Nov. 12, 2025, with multiple offences, including tax evasion and fraud, both as an individual and in his capacity as a director of Kailas Energy Corp.
The CRA said nine charges were laid against Yang personally and as a director of the company.
Canadian oil and gas acquisitions investigated
The CRA alleges Yang facilitated the acquisition of multiple Canadian oil and gas assets by investor groups in China.
The agency alleges Yang failed to report consulting fees during the 2015 and 2016 taxation years.
Kailas Energy Corp. allegedly failed to report consulting fees for the 2015 taxation year.
According to the CRA, the transactions involved several transfers, including through foreign bank accounts, before the funds were deposited into Canadian accounts held by Yang.
The agency alleges the transactions were carried out in a way that obscured the source of the funds.
Investigation linked to Panama Papers
The CRA said its investigation began after information identified as the Panama Papers was disclosed on the International Consortium of Investigative Journalists’ website.
The agency said the case-specific allegations in its July 14 announcement were obtained from court records.
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