According
to
the
21
Century
Business
Herald
newspaper,
the
Bank
of
China
–
one
of
the
country’s
big
four
commercial
banks
–
plans
to
initiate
legal
proceedings
over
its
loans
to
the
solar
company
later
this
month.
The
report
cites
an
unnamed
source
from
a
large
state-owned
bank.
Suntech
has
not
yet
responded
to
an
enquiry
from
Recharge
regarding
the
report.
Bank
of
China
could
not
be
reached
for
comment
on
the
matter.
The
news
comes
after
Suntech
founder
and
former
chief
executive
Shi
Zhengrong
was
ousted
from
the
firm’s
board
of
directors
earlier
this
week.
He
has
disputed
the…
