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View Full Version : Suntech Probes Potential Fraud on $680 Million Guarantee - Businessweek



FraudNews
07-30-2012, 11:27 PM
table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNH1e3UQOPzLa2--6HgHSBnCX4mMAQamp;url=http://www.solarserver.com/solar-magazine/solar-news/current/2012/kw31/suntech-investigates-potential-usd-685-million-fraud-may-delay-2q-2012-results.htmlimg src=//nt1.ggpht.com/news/tbn/cQjG_NJ-0ue37M/0.jpg alt= border=1 width=80 height=53 /br /font size=-2solarserver.com/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGQoqLqHNxJ1UPshjsRef y_BtRmtgamp;url=http://www.businessweek.com/news/2012-07-30/suntech-may-have-been-victim-of-fraud-on-680-million-guaranteebSuntech Probes Potential bFraud/b on $680 Million Guarantee/b/abr /font size=-1bfont color=#6f6f6fBusinessweek/font/b/fontbr /font size=-1(STP) (STP), the world#39;s biggest solar panel maker, said it may have been the victim of a bfraud/b involving a 554.2 million euro ($680 million) financing guarantee it extended in 2010. The Chinese company listed in New York said it#39;s suing Javier Romero, b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEyRdshVcXAg8p1MJI--2xxaX4hhAamp;url=http://af.reuters.com/article/energyOilNews/idAFL4E8IU2ZA20120730Suntech sees possible bfraud/b; shares plunge to new lows/afont size=-1 color=#6f6f6fnobrReuters Africa/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHoo8nTGcUPrBZAcED7KD DIE2L7cAamp;url=http://online.wsj.com/article/BT-CO-20120730-710856.htmlSuntech Investigating Potential bFraud/b in Financing Deal/afont size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNEh0TWXvpu3N4wn4oLCFk 1RZXRD1wamp;url=http://www.forbes.com/sites/toddwoody/2012/07/30/chinese-solar-giant-suntech-says-it-may-be-victim-of-690-million-fraud/Chinese Solar Giant Suntech Says It May Be Victim Of $690 Million bFraud/b/afont size=-1 color=#6f6f6fnobrForbes/nobr/font/fontbr /font size=-1 class=pa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGsb2uIgh7jR3WOqS0H-m9Q6m2UYQamp;url=http://www.cbsnews.com/8301-505245_162-57482242/suntech-investigating-whether-it-was-fraud-victim/nobrCBS News/nobr/a/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=dedLgw-zWBNVxkM4pvSKDFquDi5YMnobrball 33 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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