Former Bearing Man Employee Charged With Corporate Espionage
Resource from: www.ebearing.com Likes:2971
Jul 02,2004
Bearing Man (South Africa, 57% owned by Invicta Holdings) recently conducted an investigation which resulted in at least one former employee charged with corporate espionage.
eBearing has been told that the former employee allegedly misappropriated key competitive information about NTN (Japan) bearings with the intent of shopping the information around to the highest bidder or as a way to help him land a job with a competitor to NTN or Bearing Man.
Several sources said the South African arm of SKF AB (Sweden) had been mentioned as a place he interviewed for a job and later might have tried to use those trade secrets, an allegation hotly denied by SKF.
SKF SA Managing Director Rob MacKenzie told South Africa's Business Day SKF had no knowledge of the individual or the information he was supposedly trafficking: "SKF has not been privy to any confidential information belonging to Bearing Man and any allegations to the contrary are denied."
After allegedly learning his scheme had been exposed, the individual reportedly made several unsuccessful attempts to surreptitiously return the stolen documents.
When he was arrested, the individual was allegedly in possession of a large volume of important trade secret documents about NTN bearings, including detailed drawings, customer, sales and pricing information.
Bearing Man is a diversified industrial product distributor, importing and distributing ball and roller bearings, belts, seals, power transmission products, electric motors and fasteners. It is the dominant bearing distributor in South Africa, selling one out of every three bearings there.
The companies involved declined comment.
(www.ebearing.com)
【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.
BRIEF INTRODUCTION
Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.
Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.
China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.
