Chinese billionaire indicted in $1.8bn tariff evasion scheme
The Chinese billionaire founder of metals giant Zhongwang has been indicted in the United States for his alleged role in an elaborate scheme to avoid paying $1.8 billion in tariffs on aluminum shipped to the US. Liu Zhongtian, the former chairman of China Zhongwang Holdings, is accused of exporting huge amounts of aluminum disguised as pallets to avoid paying customs duties of up to 400 perc