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U.S. Justice Department accuses Perfectus Aluminum of evading $1.5 billion in tariffs

Friday, September 15, 2017   (0 Comments)
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The Wall Street Journal reported today that the U.S. Justice Department has accused California-based Perfectus Alumninum Inc., "effectively owned" and controlled by Liu Zhongtian, chairman of China Zhongwang, of illegally importing aluminum from China and evading tariffs totaling $1.5 billion. The photo shows the pallets

The complaint says Perfectus illegally imported more than 2.1 million aluminum pallets from China into the U.S. between 2011 and 2014, violating a 2010 Commerce Department ban on certain aluminum imports from China and avoiding the tariffs.

According to the complaint, the pallets were manufactured by China Zhongwang and sold to Perfectus by intermediary entities, some of which were owned or operated by members of Mr. Liu’s family or his close associates.

The government notified the court that it intends to seize a warehouse in Fontana that is owned by Perfectus, according to the complaint.  More...