"Solyndra Executives to Invoke Fifth Amendment Rights"

"The top two executives of a solar-energy company that filed for bankruptcy after getting $528 million in loan guarantees from the Obama administration said Tuesday that they will invoke their constitutional rights against compelled self-incrimination when they appear at a Congressional hearing."

"The chief executive of Solyndra, Brian Harrison, and Bill Stover, the chief financial officer, hired lawyers in preparation for the hearing this week before the House Energy and Commerce committee and got advice not to say anything, according to a representative of the lawyers.

The offices and the homes of some executives of Solyndra, a California solar-panel manufacturer, were recently raided by the F.B.I. as part of a criminal inquiry into the bankruptcy. The company said in a statement that it was 'not aware of any wrongdoing by Solyndra officers, directors or employees in conjunction with the DOE loan guarantee or otherwise.'"

Matthew L. Wald reports for the New York Times September 20, 2011.

Source: NY Times, 09/21/2011