#Holtec under ‘criminal investigation,’ EDA says in since-redacted court filing

By Matt Friedman and Katherine Landergan, June 24, 2020

"Holtec International, which received one of the biggest #TaxCredits in #NewJersey history, is under criminal investigation, according to a legal brief filed Monday by the New Jersey Economic Development Authority.

"The brief was in response to a lawsuit Holtec — an #energy technology company — filed against the EDA in March for holding up a $26 million payment on its $260 million tax incentive to build a facility in Camden. The delay was because of an allegedly false answer Holtec gave on its 2014 tax credit application.

“Holtec’s #misrepresentations — which include its failure to disclose a prior government debarment by the Tennessee Valley Authority (the ‘#TVA’) for bribing an official of that agency — first came to light during an investigation conducted by the Governor’s Task Force on the Economic Development Authority’s Tax Incentive Program, and they are now the subject of an ongoing criminal investigation,” reads the June 22 brief by attorney Ricardo Solano."

Read more: https://www.politico.com/states/new-jersey/story/2020/06/24/holtec-under-criminal-investigation-eda-says-in-since-redacted-court-filing-1294345

#CorporationsLie #Corruption #Government #Nuclear #NuclearPlants #RethinkNotRestart