Business

U.S. Indicts A Chinese Pair for Stealing Secrets from GE to Help China

On Tuesday, US authorities charged a Chinese pair with economic espionage for reportedly stealing technology from General Electric. According to a charge disclosed by the U.S. Justice Department, a former engineer and a Chinese businessman are liable for the act. Both planned to hook secrets from General Electric in order to help and benefit China. The charge against Xiaoqing Zheng, an ex-engineer at GE, and Zhaoxi Zhang, a Chinese businessman, arrives after a few months after Zheng’s matter of thievery. Last year, in August Zheng, was primarily charged in ties with the alleged theft. Though it is the first time, the U.S. government has officially charged the plan was made to benefit China. The officials claim the Chinese government for offering financial and other support.

Zheng, 56, has achieved degrees from Northwestern Polytechnical University and most honoured Massachusetts Institute of Technology. He worked at GE Power and Water Co., Schenectady as an engineer specializing in sealing technology. While functioning the engineer used his access to GE’s files’ and stole material related to gas and steam turbines. The theft mainly includes blueprints, engineering drawings, and design models. After that, Zheng allegedly emailed the stolen data to Zhaoxi, his business partner.

Zheng and Zhang both have ties with Zhang’s aunt, Hui Jin. She is a real estate agent and has married Zheng 30 years ago. Even more, the couple has a girl child together. The indictment claims both men to use the stolen information to develop their own business. They often utilized the trade secrets in two Chinese companies who build turbine parts. Zheng and Zhang have a claim to knowingly and intentionally steal business secrets in favour of China and other foreign companies. The lawsuit pinpoints that the two men also coordinated with Chinese government officials. On the other hand, GE stated that it has worked closely with the FBI and the U.S. Prosecutors Office on this matter. John Demers, head of the U.S. Justice Department’s National Security Division, said the case seems like a textbook example of the Chinses government’s scheme to rob U.S. companies.

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