KUALA LUMPUR (May 12): A federal grand jury has indicted Mo Shuyi, a citizen of China, for fraud by wire and conspiracy to commit offence to defraud the US. In a statement last week, the US Customs and Border Protection (CBP) said a joint investigation between CBP San Juan Field Operations and Homeland Security Investigations (HSI) San Juan Global Trade Investigations Group (GTIG) revealed an illegal transshipment of merchandise from China through Malaysia imported into the US. San Juan Field Operations director Roberto Vaquero said CBP remains vigilant on products produced in certain countries that are transshipped through third countries to evade detection and elude duties. The fraud scheme involved US-based entities that were importing Chinese ceramic tile transshipped through Malaysia into the US and misclassifying the merchandise to circumvent anti-dumping and countervailing duties (AD/CVD). CBP said Mo was arrested on April 29 by HSI San Juan in coordination with HSI San Francisco prior to his departure to China via the San Francisco International Airport.

Source: The Edge Markets May 12, 2023 17:44 UTC