Police Investigating Pharm-Related Espionage Case

Pharmacy. (AP Photo/Sue Ogrocki, File)
Pharmacy. (AP Photo/Sue Ogrocki, File)

Police have concluded an investigation into a mysterious industrial espionage case, in which the CEO of a pharmaceutical company was accused of hiring a private investigator to steal trade secrets from another firm about a new medicine that the latter firm is developing. Police have questioned dozens of persons of interest in the case, and will soon make recommendations on charging individuals in the case, a police spokesperson said.

Details of the case – including the names of the accused parties – were not revealed. But police said that the companies were known to the public. According to police, a private investigation firm attempted to use deceptive and coercive measures to extract trade secrets from the victim company, including using false identities and cyber-crime related activities to trick members of the victim firm into handing over secret trade data and professional secrets.

The investigative agency is accused of spying on executives in the victim firm and attempting to harass or otherwise trick them into giving up company secrets. Police have yet to establish whether the heads of the firm who hired the investigation firm were aware of the tactics they were using. So far, the company that hired the investigators has not been established as having committed a felony, but police sources said that could change by the close of the investigation.

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