(Reuters) – Faraday Future Intelligent Electric Inc announced Tuesday that it had completed a review of electric vehicle manufacturer Faraday Future Intelligent Electric Inc and found incorrect statements from its employees. The company also made changes to its leadership structure.

Faraday announced that it has appointed Susan Swenson (currently an independent member on its board) to the new position as executive chairperson.

Carsten Breitfield, chief executive officer of the company and Jia Yueting, founder would each be given a 25% increase in annual base salary. Faraday stated that both Yueting and Breitfield would report to the new executive chairperson.

Faraday had in November delayed its filing of the quarterly report. Faraday said that it had established a committee to examine allegations of incorrect disclosures. This included claims by J Capital, a short-seller. Faraday was referred to by the short-seller as “a new EV fraud in town”.

Faraday claimed that Tuesday’s statements of some employees about Jia Yueting’s involvement within the company, as well as his role in managing the company after its merger with Property Solutions Acquisition Corp, were false.

However, company claimed that allegations contained in the report on the short-seller were unsupported.

Several EV-company companies including Lordstown Motors and Nikola have been investigated for mismanagement by top executives. They are also being scrutinized by short-sellers.

Following an investigation into share purchase, the Chairman and CEO of Electric Last Mile Solutions Inc. resigned.

Faraday stated that further investigation would follow the findings of the special committee.

Faraday was made public by Property Solutions Acquisition Corp.