The bankruptcy of GreenTech Automotive Inc., an electric car maker once partly owned by former Virginia Gov. Terry McAuliffe, was filed “in bad faith” to “snuff out investigations” into its “corrupt” practices and to shift its remaining value to insiders, 32 Chinese investors alleged, WSJ Pro Bankruptcy reported. The investors filed a lawsuit against the company last year and are now seeking to have GreenTech’s chapter 11 case dismissed. The investors, who had sunk more than $500,000 each into GreenTech based on what they say were false promises of green cards and guaranteed returns, late last year sued GreenTech and its current and former executives, including McAuliffe.
