The joint venture partner of embattled renewables company Zen Energy is embroiled in a foreign corruption scandal that could complicate major bank efforts to recover loans on its biggest Australian project and have broader ramifications for lending in the sector.
Executives from HD Renewable Energy, including chairman Edward Hsieh and general manager Jason Chou, have been detained as part of an investigation into bribery and money laundering in the company’s home market of Taiwan, according to local news outlets.
Gift articles to anyone you choose each month when you subscribe.
