Suntech fraud shakes the sector, CEO resigns

News of a possible swindling of the solar sector's largest player has come as a shock, but as the company's CEO steps aside, a valuable lesson has been provided.

Climate Spectator editors' note: Overnight the CEO and founder of Suntech Power, Zhengrong Shi, stepped aside from his role at the head of the company, but he will remain involved as executive chairman and chief strategy officer. The move was made independent to the current crisis that has beset the company.


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