The Emperor’s New Solar Panels

CHINESE SOLAR FRAUD

The largest solar panel company in China, Hanergy Thin Film Power Group, which lost half of its value last week, might not have even been making solar panels. HTF lost $18.6 billion in frantic trading last Wednesday, burning index-tracking stock funds in its wake and ‘losing’ its chairman and majority chair man Li Hejun $15 billion. Li shorted HTF by 796 million shares two days before the stock crashed…

According to hedge fund manager John Hempton, who visited Hanergy’s main Chinese factory last month, the vast complex appeared to be pretty much empty.

“It was almost entirely silent. There was essentially no production of solar cells at all and the accounts that suggest significant production and sales are entirely fraudulent.”

Brilliantly, the demonstration solar panels set up outside the factory were oriented away from the sun…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Charles Moore on the aid charity’s sex scandal…

“Oxfam was the Harvey Weinstein of aid – arrogant, bullying, conspicuous in its faults, yet utterly immune until the balance of fear mysteriously changed overnight.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
Who Can Beat Corbyn? Who Can Beat Corbyn?
READ: Number 10’s Chequers Slides For MPs READ: Number 10’s Chequers Slides For MPs
Liz Truss: Wood Burning Gove Liz Truss: Wood Burning Gove
Mogg and 13 Other MPs Write to May Declaring Transition Deal “Completely Unacceptable” Mogg and 13 Other MPs Write to May Declaring Transition Deal “Completely Unacceptable”
Corbynistas Hold Boozy Victory Party as Moderates Vacate HQ Corbynistas Hold Boozy Victory Party as Moderates Vacate HQ
Gloria De Piero’s Office Manager Still In Job Despite Defecting to Tories Gloria De Piero’s Office Manager Still In Job Despite Defecting to Tories
Fake LibDem Newspaper Lies to Richmond and Twickenham Voters Fake LibDem Newspaper Lies to Richmond and Twickenham Voters
Inside the Freer Launch Inside the Freer Launch
Labour Head of Broadcast Now Working For BBC News Labour Head of Broadcast Now Working For BBC News
Owen Jones’ Viral Fake News Owen Jones’ Viral Fake News
Hawking on Corbyn Hawking on Corbyn
Tory Ex-Minister is Working for Oligarch Named as Corrupt by Russian Opposition Leader Tory Ex-Minister is Working for Oligarch Named as Corrupt by Russian Opposition Leader
Greenpeace Still Making Fake Wind Claims Greenpeace Still Making Fake Wind Claims