The United States is putting up US$5 million for the arrest of a Chinese businessman accused of selling ballistic missile parts to Iran, in violation of western sanctions, the Wall Street Journal reported Tuesday.
Washington has clamped sanctions on eight Chinese trading firms he allegedly operated.
Li Fangwei, also known as Karl Lee, is wanted by US authorities over a 2009 indictment for allegedly using the US financial system in a conspiracy to sell missile parts to Iran, the report said.
The US has no extradition treaty with mainland China and Li has not traveled to any countries that might turn him over to American authorities, investigators were quoted as saying.
On Tuesday, the Manhattan US Attorney unsealed a host of new charges against him, alleging that once US authorities began moving against Li’s international business, he began adding new layers of shell companies to hide his transactions in the US financial system.
The Treasury sanctioned eight Chinese trading firms which the government called front companies for Li, the report said.
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