Liu Zhongtian, a Chinese billionaire and the founder of aluminum giant China Zho...
FILE PHOTO - China Zhongwang Holdings Chairman Liu Zhongtian toasts during the debut of Zhongwang Holdings at the Hong Kong Stock Exchange May 8, 2009. REUTERS/Bobby Yip/File Photo
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, which cited prosecutors. The company is accused of using aluminum shipments to inflate its revenue, the Journal reported. Liu faces charges of fraud and money laundering that carry a maximum prison sentence of 465 years, the newspaper said.
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