The
row
with
GSF
Capital
erupted
last
July
when
Suntech
unexpectedly
told
investors
that
it
believed
it
had
been
the
victim
of
a
fraud
relating
to
€560m
($729m)
of
German
government
bonds
that
were
offered
as
a
guarantee.
The
claims
centred
on
Global
Solar
Fund,
an
investment
group
with
interests
in
142MW
of
PV
projects
in
Italy
that
was
majority-owned
by
Suntech
but
managed
by
GSF,
which
held
a
10%
stake.
The
issue
led
to
Suntech
having
to
revise
historic
financial
reports
to
take
account
of
its
implications.
In
the
months
that
followed
Suntech
announced
a
flurry
of…