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SCANDALOUS Solyndra Investor Recommended It to Navy David Paul Morris / Bloomberg via Getty Images

Solyndra Neared Navy Deal

This deal just keeps getting murkier. On the heels of the retirement of Solyndra’s CEO comes evidence that one of the flailing solar power company’s investors recommended Solyndra for a deal with the Navy. In addition to being a major Solyndra investor, RockPort Capital sits on a Pentagon panel that searches for emerging tech companies. A RockPort representative insists Solyndra was recommended based on its technological merits and also that RockPort made sure to make the Pentagon panel aware of its hefty investment in the company. Still, whether RockPort acted unethically by not cluing the panel in to Solyndra’s financial woes is up for debate.

October 13, 2011 11:12 PM