A Chinese businesswoman has accused the Singaporean national currently in police custody of alleging that Emmanuel Nii Ashie-Moore, the Greater Accra Regional Chairman of the National Democratic Congress (NDC), is the real perpetrator of a multimillion-dollar business scam.
Sounding angry, Liang Liubing revealed a US$3 million fraud case and declared her full support for Ashie-Moore, vowing to present concrete evidence in court to prove the NDC Regional Chairman’s innocence.
Speaking at a press conference in Accra on Sunday, July 20, 2025, Madam Liubing, who is the Managing Director of Foshan Yuejiawin Wire and Cable Co. Ltd, stated her readiness to submit documentary evidence that she believes will clear Ashie-Moore of any wrongdoing in the ongoing legal matter.
“I am fully prepared to provide the court with all relevant documents, including bank transfers, communications, videos, and photographs,” she said. “These records will prove beyond doubt that Mr. Ashie-Moore is innocent.”
Established in 1999, Foshan Yuejiaxin specialises in wires and cables. Its main products include power cables, electrical cables, control cables, housing wires, mineral insulation cables, and prefabricated branch cables.
Ms Liang Liubing, also a Director of NSG Innovations Ltd in Ghana, accused Toh You Kang of lying that Mr Ashie-Moore had duped him of US$800,000.
She spoke through two interpreters from China and Ghana: Shawn Li Ming, a Chinese national, and Deputy Superintendent Frimpong Yeboah of the Ghana Immigration Service, respectively.
In a detailed account, Liang explained how she was introduced to Ghana through Ashie-Moore, whom she described as “focused and sincere” in his business dealings.
According to her, it was at an investment fair organised in China by Ashie-Moore that she first established contact with the Ghanaian, and subsequently decided to invest in the African country, believing in its opportunities.
She categorically denied having any sexual relationship with Mr Ashie-Moore, saying such claims were malicious fabrications orchestrated by Toh You Kang, who she claims sent photos of her with Ashie-Moore at the Kotoka airport to her husband in an attempt to destroy her family and reputation as having extramarital affairs with the NDC regional chairman.
“He threatened my family, my children, and even my in-laws. He threatened me not to return to Ghana,” she said, describing a campaign of intimidation allegedly waged by Toh You Kang, whom she said also owes her some US$600,000.
According to Liang, due to her limited proficiency in English, Toh You Kang was added to the Ghana branch of her company, NSG Innovations Ltd, as an intermediary and interpreter.
She stated that Toh used this position of trust to misappropriate funds intended to support business operations in Ghana. At the same time, some colleagues of Toh in Singapore, including his brother, who were to help set up a branch of the company in that country, have also disappeared with the company’s money.
“In 2024 alone, between May and August, he gave me and my daughter over 43 different bank accounts to transfer money into. He said the money was for Ashie-Moore, but Ashie later complained that he hadn’t received any of it,” she stated.
She further alleged that Toh You Kang collected approximately US$40,000 under the pretext that Ashie-Moore needed it for upkeep and an additional US$60,000 supposedly for watches, of which only US$10,000 was ever accounted for.
Liang also refuted Toh’s claims that he funded campaign materials for Ashie-Moore. She explained that in July 2024, both Toh and Ashie travelled to China to purchase items such as watches, scarves, bags, and souvenirs intended for political events. The total cost of the items was estimated at US$200,000.
“Toh claimed he paid for the election materials. That is a total lie. Mr Ashie-Moore paid every penny himself,” she said, insisting that she has documentary evidence, including receipts and signatures, to support this claim.
She confirmed her readiness to appear before the Dansoman Circuit Court to testify and provide evidence in the ongoing case. She also mentioned that a separate US$2.8 million fraud case involving Toh You Kang is yet to commence.
Her account includes business trips to Dubai and Ghana, as well as photos and videos from meetings, and documents that show the scale of her investment, which runs into US$5.8 million, and her employment of numerous people.
Liang noted that transferring funds from China had become increasingly difficult, so she eventually relied on the Singaporean and entrusted him to conduct the transaction through his bank account until May this year, something she now deeply regrets.
She was introduced to Toh by a late Singaporean businessman named Tony, who was helping her set up a branch of an electrical cable manufacturing company in Cambodia. Unfortunately, he died from COVID-19, leaving her in the hands of Toh, who started a fraud scheme against her from China, moved to Singapore, and ultimately to Ghana.
“I have all the records of Toh’s expenses, his plane tickets, hotel bills, food, everything. He doesn’t pay for anything himself. My company has covered all those costs,” she added.
Meanwhile, efforts to locate Toh You Kang’s brother, allegedly involved in the matter, have so far proven unsuccessful.
According to her, all business dealings related to the transaction were conducted through Toh You Kang, a Singaporean national who served as a mediator between her and Ashie-Moore due to language barriers.
Madam Liu Bing further alleged that Toh You Kang not only misrepresented the nature of the deal but also issued threats to her and her family. She expressed confidence that the evidence she possesses, including threatening messages, will not only expose Toh’s actions but also lead to justice being served.
“Ghanaians should not believe the false claims being circulated by Toh You Kang,” the owner of NSG Innovations Ltd, based in Ghana, also added, insisting that “The truth will come out in court, and I believe justice will prevail.”
Madam Liubing’s public defense of Ashie-Moore adds a new dimension to a case that has attracted widespread attention due to the high-profile individuals involved and the substantial amount of money at stake.
Toh You Kang, 33, is currently in custody after being charged with defrauding Madam Liubing of US$3 million under the pretext of establishing a cable manufacturing business in Ghana. He has pleaded not guilty to the charge of defrauding by false pretences, contrary to Section 131(1) of the Criminal Offences Act, 1960 (Act 29).
The case, which is before the Dansoman Circuit Court, is being presided over by Her Honour Halimah El-Alawa Abdul-Baasit. Prosecutors Chief Inspector Christopher Wonder and Chief Inspector Kwadwo Aboagye told the court that Toh used the identity of Ashie-Moore to gain Liubing’s trust.
Between May and August 2024, Toh allegedly introduced himself to Ashie-Moore as an expert in the cable industry and proposed a joint venture. Ashie-Moore, believing the project was legitimate, facilitated communication with Madam Liubing, who eventually transferred US$3 million into an account reportedly controlled by Toh.
Investigations later revealed that Toh had not transferred the funds to Ashie-Moore, and instead, allegedly fled with the money. He was arrested on May 28, 2025, upon his return to Ghana at Kotoka International Airport. During questioning, he admitted receiving the funds but denied that they were intended for Ashie-Moore.
The case has been referred to the Attorney General’s Office for legal advice, given the magnitude and international implications of the matter. The court has ordered that investigations be expedited, and the case is expected to resume on July 31, 2025.
Minister of Education Haruna Iddrisu(L) and former Steadfast FC coach Mohammed Aquaye
