The Washington Public Service Commission is investigating the case of a Houston woman who was arrested after her company sold her a $100 million paper basket filled with recyclable paper, according to court records.
The woman’s business partner, who was in court Wednesday on charges of money laundering and tax evasion, has pleaded not guilty, according a spokesman for the commission.
The case involves the sale of a paper basket made by the American Waste Paper Company in Houston, the Houston Chronicle reported.
The basket was sold in February 2017 for $100.7 million.
The basket is believed to be worth about $30 million.
The paper basket was filled with paper waste from around the world, including in the United States, the Chronicle reported, citing documents filed in court.
The company says it has sold the paper basket at a cost of $1.4 million.
Waste paper baskets are commonly used to collect recyclables in recycling centers.
The baskets can be recycled for a limited amount of time, but can cost more than $100 to buy.
The American Waste paper company is based in Oklahoma City.