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Homeland Security Probes U.S. Aluminum Firms Over Chinese Imports

Thursday, October 27, 2016   (0 Comments)
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Federal investigators have launched a probe into whether U.S. companies linked to a Chinese billionaire illegally avoided punitive import tariffs on Chinese aluminum, according to people familiar with the investigation.

Department of Homeland Security agents in recent weeks questioned former employees of companies associated with Liu Zhongtian, the founder and chairman of aluminum giant China Zhongwang Holdings Ltd. , the people said.

Homeland Security has been coordinating with the U.S. Department of Justice on the probe, some of the people said. Agents are investigating whether the companies committed criminal or civil violations that could include smuggling, conspiracy and wire fraud, they said. More...

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