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BASF Workers in Taiwan Suspected of Leaking Company Secrets to Chinese Firm

Posted on January 7, 2019 by Dissent

Reuters reports:

Taiwan is investigating six current and former employees of BASF’s local operations suspected of leaking corporate secrets to a rival Chinese company, an official said on Jan. 7.

Five employees were detained and one had been granted bail by a court, Lu Sung Hao, Taipei-based director of Taiwan’s Crime Investigation Bureau, told Reuters. The prosecution has not filed any charges against them.

[…]

The company that paid for the information was identified as China’s Jiangyin Jianghua Microelectronics Materials Co., which had offered 40 million yuan ($5.8 million) to the current and former employees in return for the technology transfer to build a factory in China, Lu said.

Shouldn’t they have an “allegedly” in there about the accusation as to what the company did?

Read more on The Epoch Times.

Category: Business SectorInsiderNon-U.S.

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