Monday, February 23, 2015

Indian Corporate Espionage Scandal Deepens

India - A corporate espionage scandal involving allegations of stolen documents from India’s government deepened this weekend, following the arrests of employees at conglomerates controlled by four of the country’s most prominent tycoons, including billionaire brothers Mukesh and Anil Ambani.

The arrests mark the first time since the election of Narendra Modi as prime minister last year that police have launched an investigation targeting such high-profile industrial businesses, and are set leave the companies and their wealthy owners facing a lengthy and potentially damaging legal investigations.