Meridian Idaho company out $2.5 million on Chinese project
MERIDIAN -- A Treasure Valley company is out millions of dollars after a huge Chinese-government affiliated project went belly up in eastern Idaho.
The project received a $2.2 million federal grant and incentives from Idaho and the city of Pocatello.
The contracts from a company called Hoku seemed great to local subcontractors. Millions of dollars of work at a Pocatello plant that was put to make polysilicon, which is used to make solar products. The project was valued around $700 million.
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He said they then stopped getting paid. Once Lea and other subcontractors traced Hoku's business structure, they realized they were ultimately dealing with the Chinese government at the top level.
Video at link (can't copy video URL) - http://www.ktvb.com/story/news/local/2014/08/08/meridian-company-owed-millions/13759741/
