By Chris Hutching
Friday 5th April 2002 |
Text too small? |
A civil court case was lodged in the High Court at Auckland last year by UK parent company Invensys Plc over alleged high-technology espionage regarding an electronics device called a rectifier, potentially worth millions of dollars.
Executives at the Christchurch office of Invensys (formerly Switchtec) have refused to comment but details from the civil case reveal a bizarre tale involving former Invensys New Zealand chief executive James Kennedy, financial controller Murray Simpson, human resources manager Peter Taylor, engineers Reuman Petkov and Gueorgui Anguelov and the business manager of Shanghai-based Switchtec, Rong Hua Huang.
Invensys Plc alleged Messrs Petkov and Anguelov began secretly working on a second-generation version of the Invensys rectifiers and then a Chinese contracting company was commissioned to make and distribute it. Mr Barnes was the key witness in that case.
The precise nature of the charges in the criminal case will be revealed next week.
No comments yet
TWR - Capital Return - ATO Class Ruling Obtained
THL - FY25 Trading Update
April 17th Morning Report
EBOS announces opening of Retail Offer
MCY - FY2025 EBITDAF guidance revised to $760m
April 16th Morning Report
AIA - March 2025 Monthly traffic update
Ryman Healthcare FY25 full year results and webcast detail
CHI - Q1 2025 Operational Update
CNU - Q3 FY25 Connections Update