- News : UN Chief poses for Time cover off 'sinking Pacific Island nation' of Tuvalu [14/06/2019 - Fiji]
- News : Australia's attitude to China "patronising and unfair" - Fiame [14/06/2019 - Samoa]
- News : Tuvalu agrees to host Polynesian Leaders Group meeting in August [14/06/2019 - American Samoa]
- News Feature : Papua New Guinea's most divisive PM is gone – his successor must learn from his mistakes [14/06/2019 - Papua New Guinea]
- News Feature : New Zealand's first female vascular surgeon is smashing stereotypes [13/06/2019 - New Zealand]
- Business News : Samoa's seasonal workers - the triple win effect [13/06/2019 - Samoa]
- Business News : South Pacific island progress linked to B&R dynamics [13/06/2019 - Fiji]
- Sports News : Tickets for Samoa 2019 XVI Pacific Games on sale soon [12/06/2019 - Samoa]
- News Feature : How Dengue, a Deadly Mosquito-Borne Disease, Could Spread in a Warming World [12/06/2019 - United States]
- News Feature : Pacific Regional Workshop on Post Cotonou Negotiations Opens in Suva [12/06/2019 - Fiji]
- Business News : New international airline for Tonga through Nauru partnership [12/06/2019 - Tonga]
- Business News : Legislation fix set to curb Illegal logging in Fiji [12/06/2019 - Fiji]
- Sponsored : Oceania National Olympic Committees (ONOC)
An investigation by Taiwanese authorities into the alleged theft and selling of a German company technology to a Chinese firm has uncovered the payment of US$1.3 million (T$3.25m) in bribes to two bank accounts in Samoa.
Bloomberg on Monday reported the arrest of six current and former BASF SE engineers accused of accepting bribes and sharing the German company’s technology with China’s Jiangyin Jianghua Microelectronics Materials Co., in what the news agency has described as another elaborate case of alleged Chinese intellectual property theft.
Jianghua offered the six current and former staff a total of 40 million yuan (US$5.8 million), in return for help in building a new factory in the eastern Chinese province of Jiangsu, Criminal Investigation Bureau (CIB) official Lu Sung-hao told reporters at a briefing in Taiwan on Monday.
The Chinese mainland company had already wired NT$40 million (US$1.3 million) to two accounts in Samoa controlled by the group, he added.
Taiwan’s Criminal Investigation Bureau is yet to respond to questions from the Samoa Observer, including the identity of the bank in Samoa, which was the recipient of the US$1.3 million wired by Jianghua.
While CIB official Lu Sung-hao told reporters in Taiwan on Monday that the two bank accounts in Samoa were controlled by the group (Jianghua), checks by this newspaper with the Ministry of Commerce Industry and Labour’s online company registry did not turn up any records connected to Jianghua.
Lu said the losses by BASF from the alleged theft could top out at 100 million euros ($114 million) per year, reports Bloomberg. A representative of BASF said the company doesn’t provide an estimate on losses and the amount can’t be confirmed by the company.
According to Taiwanese police, only one of the six accused was a current employee, though the others formerly worked for BASF. The German chemicals maker said it suspended the employee and has taken steps to support the investigation and protect its intellectual property.
SOURCE: SAMOA OBSERVER/PACNEWS
Pacific Islands News Association
Who & What is PINA?
International News Safety Institute (INSI)
Media Helping Media