Troubled electrical car startup Faraday Future’s board of administrators has appointed founder Jia Yueting as the corporate’s co-CEO, three years after he was sidelined following an internal probe into allegations of fraud — a probe that led to a investigation by the Securities and Change Fee that continues to be ongoing.

Jia will serve alongside present CEO Matthias Aydt and can oversee Faraday’s finance, authorized, and provide chain groups, the corporate announced in a press convention Thursday. Aydt is a longtime Faraday Future worker who was as soon as positioned on probation after he offered to pay a Faraday Future board member as much as $700,000 to resign in the midst of a months-long power struggle over the company.

Jia’s appointment comes only one month after Faraday Future named Jia’s nephew Jerry Wang as president of the EV startup. Wang resigned in 2022 because of the interior probe due to a “failure to cooperate with the investigation” in line with filings with the Securities and Change Fee.

Faraday Future was based by Jia in 2014 as he appeared to construct on what was on the time a profitable electronics and media streaming empire in China.

That empire collapsed, and Jia self-exiled to the U.S. to deal with Faraday Future. The corporate has spent the final decade and over $3 billion to develop an ultra-luxury EV referred to as the FF91. Nevertheless it has solely offered round a dozen of them to this point, and has been accused in lawsuits of misrepresenting some of those sales.