Senior executives at tech giant HTC have been arrested and detained by the Taipei District Court, accused of embezzlement and attempting to steal trade secrets from the company, according to reports.
According to the Taipei Times, the executives face charges under Taiwan’s Trade Secrets, Securities Exchange Act and other laws
The court is currently holding HTC’s vice general manager of research, Chien Chih-lin and department director Wu Chien-hung in custody, while senior engineer Huang Hung-yi and senior manager Huang Kuo-ching have been released on bail.
The executives are accused of planning with local government officials on the mainland to establish a series of mobile phone design firms in mainland China, which would utilise HTC’s trade secrets and technology.
The company is also accusing the officials of attempting to steal key commercial secrets relating to the company’s Sense smartphone interface and using fake expense receipts in order to fraudulently gain reimbursements from the company.
You can help keep SmartCompany free for everyone to read
Small and medium businesses and startups have never needed credible, independent journalism and information more than now.
That’s our job at SmartCompany: to keep you informed with the news, interviews and analysis you need to manage your way through this unprecedented crisis.
Now, there’s a way you can help us keep doing this: by becoming a SmartCompany Supporter.
Even a small contribution will help us to keep doing the journalism that keeps Australia’s entrepreneurs informed.
And it’s not all one-way traffic either. SmartCompany Super Supporters get to dial into our monthly editor’s meeting and attend a monthly, invite-only webinar with a big-name entrepreneur.