Suntech
–
which
has
launched
legal
action
over
the
issue
–
says
the
bonds
were
pledged
to
it
as
security
in
connection
with
an
investment
it
made
in
Global
Solar
Fund
(GSF),
an
investment
group
with
interests
in
145MW
of
PV
projects
in
Italy.
The
New
York-listed
company
told
its
shareholders
this
morning:
“As
part
of
Suntech's
initiative
to
monetise
its
investment
in
GSF,
the
company
engaged
outside
counsel
to
review
and
assist
the
process.
“As
a
result
of
these
efforts,
the
company's
outside
counsel
recently
noted
certain
facts
and
circumstances
suggesting
that…
