The company also said will have to restate financial results for 2010, 2011 and Q1 2012 for reasons related to the ongoing drama around its majority-owned Italian affiliate Global Solar Fund.

FORBES: Suntech Q3 Revs Miss; Italian Solar Scandal Spurs Restatement

Last week, Reuters reported that an Italian court had filed charges against Global Solar Fund over alleged fraud committed by some of its portfolio companies related to subsidies received for the construction of solar power plants.

FORBES: Top Suntech Executive Resigns From Chinese Solar Giant

The company this morning said that the Public Prosecutor of Brindisi, Italy has brought charges against certain officers of Global Solar Fund subsidiaries alleging that they have failed to comply with the necessary permitting process and building regulations for 12.7MW of PV plants in Italy.

FORBES: Suntech Q3 Revs Miss; Italian Solar Scandal Spurs Restatement