Ex-engineer of softdrink company charged with stealing secrets for Chinese firm 6 SHARES Share it! Share TweetBy Agence France-PresseA former senior engineer of a softdrink company was indicted Thursday in Tennessee for stealing trade secrets worth an estimated $120 million to give to a Chinese company, the Justice Department announced. Liu wanted the technology for his company, which was planning to develop production lines for BPA-free packing, according to the indictment. You “is accused of an egregious, premeditated theft and transfer of trade secrets worth more than $100 million for the purpose of setting up a Chinese company that would compete with the American companies from which the trade secrets were stolen,” said J. Douglas Overbey, US Attorney for the Eastern District of Tennessee. “Unfortunately, China continues to use its national programs, like the ‘Thousand Talents,’ to solicit and reward the theft of our nation’s trade secrets and intellectual property.”

Source: Manila Bulletin February 15, 2019 07:04 UTC