FBI raids homes of Solyndra’s execs
Federal agents visited the homes of the CEO and two other top executives of solar panel-maker Solyndra Inc. to examine computer files and records, ABC News reported on Friday.
The Sept. 8 raids were conducted on the same day that the FBI and officers from the Energy Department Inspector General seized boxes of records from the company's headquarters in Fremont, Calif.
Solyndra, one of the industry’s largest manufacturers of solar panels, suspended operations on Sept. 1, laid off 1,100 employees, and revealed plans to file for Chapter 11 bankruptcy protection. The company cited the weak global economy and competition from Chinese manufacturers.
The federal probe comes in the wake of a $535 million loan from the federal government earlier this year.