Skip to content
Subscriber Only

Taiwan Arrests Six Accused of Leaking BASF Tech to China

  • Police agency accuses Jiangyin Jianghua of bribing engineers
  • BASF’s losses could reach 100 million euros a year, police say
BASF SE Chief Executive Officer Kurt Bock Attends Third Quarter Results News Conference
Photographer: Martin Leissl/Bloomberg
Updated on

Taiwan arrested six current and former BASF SE engineers accused of accepting bribes and sharing the German company’s technology with Jiangyin Jianghua Microelectronics Materials Co., in one of the more elaborate cases involving alleged Chinese intellectual property theft.

Jianghua offered them 40 million yuan ($5.8 million) in return for help building a new factory in the eastern Chinese province of Jiangsu, Criminal Investigation Bureau official Lu Sung-hao told reporters at a briefing Monday. The mainland company had already wired NT$40 million ($1.3 million) to two accounts in Samoa controlled by the group, he added.