RICHMOND, Va. (AP) — The electric-car company former national Democratic Party leader Terry McAuliffe headed until last fall is under federal investigation over its use of a foreign investor visa program.
McAuliffe is running for Virginia governor.
Nearly 100 pages of newly released documents reveal the Securities and Exchange Commission in May subpoenaed records of GreenTech Automotive and Gulf Coast Funds Management, a partner in GreenTech's efforts to establish plants in Mississippi.
The SEC inquiry is related to the company's use of a Department of Homeland Security program that grants permanent residency to foreign investors who invest $500,000 or more in economically struggling areas for ventures that create American jobs.
GreenTech confirmed its subpoena in an email to The Associated Press. There was no reply to messages left for Gulf Coast executives.
McAuliffe says he didn't know about the investigation.