By Chris Hutching
|
Friday 5th April 2002 |
Text too small? |
A civil court case was lodged in the High Court at Auckland last year by UK parent company Invensys Plc over alleged high-technology espionage regarding an electronics device called a rectifier, potentially worth millions of dollars.
Executives at the Christchurch office of Invensys (formerly Switchtec) have refused to comment but details from the civil case reveal a bizarre tale involving former Invensys New Zealand chief executive James Kennedy, financial controller Murray Simpson, human resources manager Peter Taylor, engineers Reuman Petkov and Gueorgui Anguelov and the business manager of Shanghai-based Switchtec, Rong Hua Huang.
Invensys Plc alleged Messrs Petkov and Anguelov began secretly working on a second-generation version of the Invensys rectifiers and then a Chinese contracting company was commissioned to make and distribute it. Mr Barnes was the key witness in that case.
The precise nature of the charges in the criminal case will be revealed next week.
No comments yet
Fonterra announces Mainland Group leadership change
OCA - Oceania announces Director changes as part of Board refresh
AIA - Analyst and media webcast for FY26 interim results
The Warehouse Group confirms leaner operating structure
SML - Synlait provides half year performance update
RYM - Refreshed strategy and new capital management framework
ENS - Clarification of Gina Tuzcet’s status
BGP - 4th Quarter Sales to 25 January 2026
Contact Energy 2026 Half Year Results Presentation
February 2nd Morning Report