Auditor blocks solar developer accounts over missing deposits

Auditor blocks solar developer accounts over missing deposits (image)

Auditor blocks solar developer accounts over missing deposits | #TpromoCom #GreenEnergy #SolarPower #Fraud | State-owned solar company Panda Green will miss Friday’s deadline for publishing its audited figures for last year and new owners Beijing Energy have announced the formation of a committee to investigate the payment of $144 million in deposits to secure development rights for projects which never happened.

The astonishing oversight which appears set to cost Chinese solar developer Panda Green a thumping RMB1,022 million (US$144 million) – and which was highlighted by pv magazine last month – will see the company auditor refuse to sign off the 2019 accounts by the deadline stipulated by the Hong Kong exchange where the company is listed.

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Security Integrators and Alarm Dealers are invited to learn about a new source of RMR! (image)
Security Integrators and Alarm Dealers are invited to learn about a new source of RMR!
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