Chinese CEO Accused of Industrial Espionage in Germany

There are classic cases of computer hacking into medtech companies's databases or employees stealing trade secrets. And then there is what apparently happened in Germany, where three Chinese citizens including a CEO have been arrested after planning to sneak into the facilities of Fresenius Medical Care and B. Braun. They managed to gain access to a production facility at the latter company.

One of those arrested is the CEO of Chinese manufacturer dialysis devices maker Chongqing Shanwaishan Science & Technology Co. Ltd., who was suing both companies for price dumping, according to a report in EMDT.

The Chinese CEO had previously accused Fresenius and B. Braun of selling devices in the East Asian nation at 61.41% below production costs. It was this accusation that reportedly led the three Chinese to break into the firms, which were interested in capturing evidence for their charges with a camera.

The trio took a taxi to the Fresenius and B. Braun plants and they were arrested after security members as the plant caught them. They are now facing a trial in Kassel, Germany. All three have been released on bail.

Read the full EMDT story here