July 31, 2019 / 3:52 PM / 3 months ago

Chinese aluminum billionaire indicted for $2 billion tariff evasion scheme -WSJ

WASHINGTON, July 31 (Reuters) - Liu Zhongtian, a Chinese billionaire and the founder of aluminum giant China Zhongwang Holdings Ltd, has been indicted by a U.S. federal grand jury on charges that he was part of a conspiracy to evade nearly $2 billion in tariffs, the Wall Street Journal reported on Wednesday.

The indictment, which was reached in May but not unsealed until this week, alleges the scheme was hatched in 2008 and has continued to the present day, according to the newspaper. (Reporting by Makini Brice; Editing by Tim Ahmann)

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