"Taiwan arrests BASF staff for selling secrets to China"

Taiwanese authorities on Monday announced they had arrested six current and former employees of German chemicals giant BASF for passing trade secrets to a Chinese company.

The Taiwan Criminal Investigation Bureau (CIB) said engineers were involved in a plot "to leak crucial technology and manufacturing processes … to make illegal profits."

The engineers had received at least $1.3 million (€1.1 million) out of nearly $6 million offered by China-based Jiangyin Jianghua Microelectronics Materials Co., said CIB director Lu Sung Hao.

Read more at DW


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