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Criminal charges against SOLYNDRA founder unlikely...

 AP

AP

(Reuters) - The founder of bankrupt solar panel maker Solyndra will likely avoid criminal charges even if charges are brought against other former executives of the company, according to several people familiar with the investigation.

Christian Gronet founded the company in 2005 and was its chief executive until 2010.

Solyndra filed for bankruptcy protection in 2011 after receiving $528 million in federal loans. Its demise triggered a criminal probe into what Solyndra told federal authorities during the loan application process, along with intense criticism from Republican lawmakers who opposed the Obama Administration's efforts to support the green energy sector.

The criminal probe is nearing its conclusion and no final decisions have been made to bring charges against certain executives who have not been publicly identified, the sources said. Any charges would be related to statements made to the U.S. Department of Energy during the loan process, they said. Continue reading via Reuters...

 

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