Solyndra Executives To Plead The Fifth

September 20th, 2011 (6) Posted By Pat Dollard.

op executives at the failed solar firm Solyndra will refuse to answer questions during a House hearing Friday.

The executives — President Brian Harrison and Chief Financial Officer W.G. Stover Jr. — will exercise their Fifth Amendment rights during a hearing of the House Energy and Commerce Committee’s Oversight panel Friday because of an ongoing investigation into the company by the Justice Department.

“[D]ue to the ongoing Department of Justice investigation and on the advice of their counsel, they will be unable to provide substantive answers to the Subcommittee’s questions and that present circumstances require both gentlemen to exercise their fifth amendment rights in the face of questioning that might occur,” Solyndra said in a statement.

“The company is not aware of any wrongdoing by Solyndra officers, directors or employees in conjunction with the DOE loan guarantee or otherwise,” the statement continued.

Solyndra has come under fire from lawmakers for declaring bankruptcy late last month and laying off 1,100 workers. The California-based company received a $535 million loan guarantee from the Obama administration in 2009.

Republicans on the House Energy and Commerce Committee have launched an investigation into the loan guarantee, alleging that the Obama administration missed a series of red flags that hinted at the company’s financial problems.

The FBI and the Energy Department’s inspector general raided Solyndra’s offices earlier this month, though it’s unclear whether the raid was connected to the loan guarantee.

The company’s attorneys alerted top lawmakers on the panel Tuesday that the executives would plead the Fifth, according to Reuters.

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  • Kemaste

    Uncle Savage thinks they are getting rid of the evidence. After all who’s FBI is it anyway? They make the bust, go in take the evidence, destroy it and counsel the co-conspiring dirt bags to take the fifth.. I wouldn’t put it past them…

  • Anonymous

    Taking the fifth tells you right there these fucks including oboma are dirty. The powers that be better get inside with a camera and record everyone that walks by a paper shredder.

  • Charlie from New Jersey

    Too late, losers! You are on record as claiming that everything was fine just weeks before the collapse. Sarbanes Oxley eliminates your option of claiming that you are faultless because you are clueless! There are stiff penalties for issuing knowingly false financials for publically held companies. You are going down! Unless, of course, you take a large chunk of your money and give it to the Marxist in the White House!

  • YERMOM

    fine if you take the fifth, you MUST pay back the half a billion fucking dollars you stole, or face the penalty for that.

  • remmy

    It is their right not to testify by invoking their 5th amendment rights.

    Let’s see if the U. S. Justice Department under Eric Holder decides to take any action.

    For a $500 billion taxpayer loss a special prosecutor should be assigned. 

  • Dirtman