Taiwan Charges 5 BASF Employees for Selling Trade Secrets to China:
Taiwan prosecutors on July 24 have charged five current and former senior staff members at German chemical giant BASF for stealing company secrets and selling them to its Chinese rival Jianghua Micro.
BASF manager Huang Yilin, 45, and the four former employees he allegedly recruited were charged with breach of trust, and violating the Trade Secrets Act, the Copyright Act, and the Criminal Code, according to a press release (pdf) from the Taiwan Taoyuan District Prosecutors Office on July 24.
Known as the world’s largest chemicals group, BASF produces petrochemicals, coatings, catalytic converters, and foams, with hundreds of production facilities worldwide, including in Europe, the United States east coast., and China’s coastal city of Nanjing.
The BASF case is the latest incident of suspected Chinese industrial espionage on the self-ruled island.