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Chinese aluminum maker defiant despite $1.8bn US fraud verdict

Six companies said to be controlled by Zhongwang founder convicted of conspiracy

HONG KONG -- A leading Chinese aluminum products maker and its founder are remaining defiant in the face of a U.S. court verdict over an alleged conspiracy to evade $1.8 billion in customs duties and inflate sales.

A U.S. federal court in Los Angeles found six California companies guilty this week of 17 counts of conspiracy and fraud, with two also convicted on seven counts of international money laundering.

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