Monday, May 20, 2013

"Special Report: The Rise and Fall of China's Sun King" ($STP)

From a Reuters story published today:

"For Shi, 50, the fall of Suntech gets even more complicated. He is now a defendant in U.S. District Court, Northern District of California in a case brought by a Suntech shareholder. It alleges that Shi set up a company in the tax haven of the British Virgin Islands that supplies polysilicon - a key material used to make solar panels - to Suntech.

Shi, the suit alleges, set up contracts between the two companies that benefited him personally at the expense of Suntech. Neither Shi nor his representatives would comment for this story. Suntech has also declined comment."
Let's see whether we can find a copy of that suit.

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