A major Chinese state-owned manufacturer of heavy equipment is now facing criminal charges.
Police in Ontario have filed criminal charges against one of XCMG’s officials for allegedly tampering with serial number plates on equipment they were selling in Canada.
Documents filed in the Ontario Court of Justice show that XCMG Canada official Tao Li is accused of defrauding an Ontario distributor for $21 million.
XCMG is one of the world’s largest builders of heavy equipment and in recent months, the company been involved in civil lawsuits where it has been accused of fraudulently changing out serial numbers on its machines to make them appear newer than they actually were.
Veteran heavy equipment dealer Ryan Martin told Global News in mid-October that his business started…
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