Feds execute search warrants at Calif. solar firm

September 8, 2011 - 10:45 AM

FREMONT, Calif. (AP) — FBI agents are executing search warrants at the headquarters of California solar firm Solyndra that received a $535 million loan from the federal government.

FBI spokesman Peter Lee says agents executed multiple search warrants on Thursday morning at the company's headquarters in Fremont as part of an investigation with the Department of Energy's Office of Inspector General. He says he could not provide details about the investigation.

Solyndra is a solar-panel manufacturer once touted by President Barack Obama as a beneficiary of his administration's economic policies. It announced last week that it was laying off 1,100 workers and filing for bankruptcy.