Five indicted on aluminum duty evasion charges
Jun 25, 2013 | 05:36 PM
| Michael Cowden
CHICAGO Five men and three companies have been accused of shipping aluminum extrusions from China into the United States using false invoices indicating that the metal came from Malaysia, according to federal prosecutors in Puerto Rico.
The alleged scheme was used in an effort to avoid paying $26.7 million in antidumping and countervailing duties that would have been imposed on the Chinese material, prosecutors said.
Samuel García-Adarme, owner of Sultana Screens & Aluminum Sales Inc., Mayaguez, Puerto Rico, and vice president of Aluwest Industries Inc., Ponce, Puerto Rico, has been indicted on smuggling and money laundering charges, according to documents filed in federal District Court in Puerto Rico. Edrick García-Vázquez, president of PRP Trading Corp.; Armando García-Vázquez, vice president of PRP Trading and chief financial officer of Sultana; Carlos Minguela-Ortiz, accountant for Sultana and....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.