TUNICA CO., MS (WMC) - The Mississippi state auditor ordered a company to pay up after not fulfilling promises and commitments made to the state.
GreenTech Automotive Inc, out of Robinsville, MS, was paid $3 million from the Mississippi Development Authority and a $2 million from Tunica County to secure land for a Greentech Automotive production facility.
However, as a condition of receiving the funds, GreenTech agreed to invest $60 million into Tunica County and to create 350 new full-time jobs.
Those commitments were never fulfilled, according to the state auditor.
State Auditor Stacey Pickering is ordering GreenTech to pay back the $5 million with interest and investigative costs.
The Office of the State Auditor issued a formal demand for the funds, totaling $6,360,019.60 to Charles Wang, president and CEO of GreenTech Automotive Inc.