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NRI charged with stealing trade secrets in US

An Indian-origin man in New York has been charged with stealing trade secrets from his employer pharma company Bristol-Myers-Squibb as part of a plan to establish his own pharmaceutical firm in India.

world Updated: Feb 04, 2010 13:48 IST

An Indian-origin man in New York has been charged with stealing trade secrets from his employer pharma company Bristol-Myers-Squibb as part of a plan to establish his own pharmaceutical firm in India.

Shalin Jhaveri, 29, of Syracuse, New York is charged with stealing trade secrets and proprietary information from
Bristol-Myers-Squibb.

Announcing Jhaveri's arrest, United States Attorney Richard Hartunian said in a statement that if convicted,
Jhaveri faces up to 10 years in prison and a $250,000 fine.

Jhaveri appeared today before US Magistrate Judge George Lowe and is being held without bail pending a detention
hearing scheduled for February 8, 2010 in Syracuse.

According to the complaint, Jhaveri admitted being employed by Bristol-Myers-Squibb as a Technical Operations
Associate from November of 2007 until his termination on February 2, 2010.

The complaint further alleges that during his employment, "Jhaveri stole numerous trade secrets as part of a
plan to establish a pharmaceutical firm in his native India which would compete with Bristol-Myers-Squibb in various
markets around the world".

Jhaveri is accused of taking more than 1,300 documents from the company that he spent hours over the course of
several days downloading to his laptop and portable hard drives, according to an FBI affidavit filed in a New York
federal court.