4 former pharma firm employees held for data theft from firm

Image
Press Trust of India Hyderabad
Last Updated : Jan 14 2020 | 6:00 PM IST

: Four former employees of a city based pharmaceutical company have been arrested for allegedly stealing data from the firm and using it to manufacture drugs illegally at Visakhapatnam in Andhra Pradesh, police said here on Tuesday.

Acting a complaint by a senior executive of the company, which produces bulk drugs and pharma products here and in other cities, that their technology is their intellectual property, but was stolen and used by another firm to manufacture some products, a case was registered, a release from Cyberabad Police Commissionerate said.

Investigations revealed that the prime accused, who was a Business Development Manager in the company, was fired on the charge of malpractices after which he bore a grudge against the firm,its sister concerns and their management,police said.

He then hatched a plan and lured the other three workers with very lucrative job offers in his unit, following which they allegedly shared confidential data with the prime accused who started manufacturing the products at Visakhapatnam, police said.

The accused, who collected data pertaining to Batch Production Control Records, Specification, Certificate of Analysis, Standard Testing Procedure, Raw Data of the drugs were arrested from different places, police said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 14 2020 | 6:00 PM IST

Next Story