Taiwan police probing 2 ex-employees of Kaohsiung-based optoelectronic device maker for selling trade secrets to China

Taipei [Taiwan] November 13 (ANI): Taiwan police is investigating two ex-employees of a Kaohsiung-based optoelectronic device maker that makes solar and image sensors for stealing proprietary trade secrets over several years to sell in China.
The National Police Agency (NPA) investigators on Friday said that they received tip-offs about the alleged theft in March, after executives of the company in the Kaohsiung Science Park uncovered evidence that confidential materials had been stolen, reported Taipei Times.
Investigators said that evidence obtained in NPA and Criminal Investigation Bureau searches in September and earlier this month showed that a woman surnamed Wang and another person surnamed Chen had made more than NT dollar 10 million (USD 359,247 at the current exchange rate) from selling trade secrets.
NPA officials said these "trade secrets" and proprietary materials are in high demand in the industry and could be sold for large sums, as the company is a leading producer of photovoltaic quantum efficiency measurement solutions, solar simulators, photovoltaic testing devices and image sensors. The name of the company has not been disclosed, reported Taipei Times.
Wang, 37, was a co-founder and executive at the optoelectronics company, and had quit earlier this year, while Chen left in August, investigators said.
A review of the firm's computer systems by its information technology department found that Wang and Chen had downloaded material for years up until August, investigators said.
Wang allegedly led the operation, working with Chen to download and copy confidential materials, they added.
Wang then passed it on to a Chinese businessman, a sales manager at the company's branch office in China, who set up shell companies with Wang in Taiwan and China to sell the proprietary technology and devices made with it, they said.
Wang and Chen allegedly stole product design plans, system analyses, testing procedures, parts purchasing databases and other confidential files, investigators said.
After the search this month, Wang was placed in judicial detention under restricted communication, while Chen was released on NT dollar 60,000 bail on condition of restricted movement, NPA officials said, adding that the investigation is ongoing to find any possible accomplices connected with the case, reported Taipei Times. (ANI)