SenseTime's former IP rights employee under investigation
By Josh Ye
Hong Kong (Reuters) - Chinese tech company SenseTime said on Thursday a former employee of its intellectual property division is now under police investigation.
Without elaborating on details, a SenseTime spokesperson told Reuters via messaging app WeChat, "a former employee of [the] intellectual property division is currently under investigation by the Public Security Bureau due to suspected commercial related case."
The spokesperson added that SenseTime has always strictly adhered to business ethics and norms, and has "a zero-tolerance policy towards corruption and any form of illegal activities".
Chinese local media first reported the story. The state-backed Shanghai Securities News said the suspect is a former executive director of intellectual property rights.
The report added that the suspect is now subject to "mandatory measures" due to economic problems but it did not specify which economic problems are under investigation.
(Reporting by Josh Ye in Hong Kong, Ella Cao in Beijing and Meg Shen in Hong Kong. Editing by Jane Merriman and Ros Russell)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Kremlin says US wrong to think escalation of Ukrainian strikes can help end war
- Morning Bid: Markets remain long TACO
- Hugo Boss urges shareholders to reject Frasers' 'inadequate' bid
Create E-mail Alert Related Categories
ReutersRelated Entities
Merriman Curhan FordSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share