FBI Raids Offices of Bankrupt Solar Company
FBI agents searched the offices of recently-bankrupt solar company Solyndra on Thursday, the San Jose Mercury News reports.
The raid is believed to be in connection with Solyndra’s $535 million loan guarantee from the U.S Department of Energy, the newspaper says. At least 30 FBI agents and officials from the Energy Department’s Office of Inspector General took part in the operation.
An FBI spokeswoman confirmed the raid on the property to the Mercury News, but would not elaborate on the reason behind it.
Company executives are expected to testify before Congress in a week’s time as the legislature investigates how a company that President Barack Obama praised could disintegrate so fast. The solar power firm was host to a high-profile visit from Obama in May 2010.
In related news, Solyndra’s former chief financial officer has declined to say whether any potential buyer for the bankrupt company will keep operations on U.S. soil, Reuters reports.
Under questioning at a bankruptcy court hearing, CFO W.G. Stover refused to name either the names or locations of the two companies lined up to potentially buy Solyndra, the news service reports.
Energy Manager News
- Apple, Google, Facebook Throw Weight Around in NC Energy Policy
- 2015 Green Lease Leaders include Landlords, Tenants, Brokers
- Disney World Builds Mickey Mouse-Shaped 5 MW Solar System
- Ohio Businesses Encouraged to Use Cogged V-Belts
- Renewables Share of US Energy Consumption Highest Since 1930s
- ZBB Unveils EMS for C&I Buildings
- Levi Strauss, Gap, Autodesk Support California Clean Energy Bill
- New Hydro-Quebec Data Center to Use Free Cooling