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RELEASE



Auditor’s Office Issues Report Outlining GreenTech Automotive Inc. Case

JACKSON, Miss. – The Mississippi Office of the State Auditor has released a report detailing findings regarding GreenTech Automotive Inc. The report outlines articles of agreement upon which GreenTech failed to perform.

The Auditor’s Office found that GreenTech failed to:

· Make payments on loan from State of Mississippi
· Invest agreed-upon amount of $60 Million into project
· Create promised jobs

Last week, Auditor Pickering issued a demand for repayment of $6,360,019.60 within 30 on behalf of the taxpayers of the State of Mississippi. If repayment has not been received in this timeframe, the case will be referred to the Office of the Attorney General State of Mississippi.

The full audit report is available on the OSA website at http://www.osa.ms.gov/documents/performance/2017greentech.pdf

The Mississippi Office of the State Auditor will have no further comment regarding this case due to the potential for litigation.


7/12/17

Posted July 13, 2017 - 6:31 am

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