McAuliffe's Former Electric Car Company Audited for $6.4M in Repayment to Mississippi
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Title : McAuliffe's Former Electric Car Company Audited for $6.4M in Repayment to Mississippi
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Title : McAuliffe's Former Electric Car Company Audited for $6.4M in Repayment to Mississippi
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newstoday-ok.blogspot.com ~Virginia Gov. Terry McAuliffe's (D.) former electric car company has been audited to repay $6.4 million of public funds to the state of Mississippi.
GreenTech Automotive, which McAuliffe left in 2012, was unable to deliver on its promise to create jobs in the state of Mississippi, according to the Richmond Times-Dispatch.
GreenTech Automotive, which McAuliffe left in 2012, was unable to deliver on its promise to create jobs in the state of Mississippi, according to the Richmond Times-Dispatch.
Now Mississippi State Auditor Stacey Pickering is asking for the full sum of $5 million in public loans, along with interest and recovery costs, to be repaid in full within 30 days. He warned GreenTech CEO Charles Wang that failure to pay could result in the state filing a lawsuit against the company.
Pickering told the Times-Dispatch that the litigation, should it arise, could possibly involve McAuliffe.
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Pickering told the Times-Dispatch that the litigation, should it arise, could possibly involve McAuliffe.
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