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U.S. Charges Chinese Company With Theft Of Industrial Secrets

February 09, 2012

U.S. prosecutors have accused the Chinese company Pangang Group with conspiracy to commit economic espionage and other charges including plotting to steal industrial trade secrets.

An indictment unsealed on February 8 alleged that Pangang, a state-owned steel manufacturer, worked with a California businessman and others to obtain several valuable trade secrets from DuPont.

Three other subsidiaries of Pangang were also indicted.

Compiled from agency reports

Source: http://www.rferl.org/content/us_charges_china_firm_with_espionage/24478439.html

Copyright (c) 2012. RFE/RL, Inc. Reprinted with the permission of Radio Free Europe/Radio Liberty, 1201 Connecticut Ave., N.W. Washington DC 20036.