Caixin
Dec 09, 2016 07:31 PM
BUSINESS

Electric-Car Maker Officials Investigated, Charged

(Beijing) — Executives at Suzhou Gemsea Car Manufacturing Co., the Suzhou electric-car maker accused of improperly taking "green" subsidies, have been taken into custody and charged with fraud, the first known arrests following a recent wave of crackdowns on clean-energy scams.

Yang Shuiping, who controls Gemsea, and two other executives at the company were arrested along with a Suzhou traffic police officer in mid-August on suspicion of fraud, according to documents shown exclusively to Caixin.

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