Chinese billionaire indicted in US for alleged aluminium tariff evasion
01 August 2019 - 11:19
Washington/New York — A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminium company he founded to evade $1.8bn of tariffs by smuggling huge amounts of the metal into the US, federal prosecutors said on Wednesday.
Liu Zhongtian, 55, and China Zhongwang Holdings, where he served as chair and president, were among several defendants charged in a 24-count indictment by a Los Angeles grand jury...
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