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"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 percent." france24.com/en/20190731-ch…
and he has a Maltese passport. daphnecaruanagalizia.com/2016/05/chines…
Busy boy: Dupre said Liu and his family were committing "the largest and most complex China fraud ever uncovered" and have "systematically defrauded investors, [fabricated] at least 62.5 per cent of revenue since 2011 and likely skimming billions" scmp.com/business/china…
"Zhongtian has set up a secretly owned re-melting facility in Mexico which has allegedly imported HK$16.3 billion of aluminium products made by Zhongwang since 2011, and turned them into aluminium billets.
“It’s like taking a new car, melting it down, and selling it as steel"
“It’s like taking a new car, melting it down, and selling it as steel"
