May 10, 2023
1 min read

China targets foreign consulting firms in espionage probe

The report suggested there was growing suspicions of such firms, as well as domestic companies which work with the due diligence and business research industry….reports Asian Lite News

Chinese authorities appear to be running a targeted espionage investigation of foreign consulting firms operating in the country, according to a state media report, after recent raids on the offices of several international firms

The latest known case saw officers raid multiple offices used by the business consulting firm Capvision in Shanghai, Beijing, Suzhou and Shenzhen, The Guardian reported citing the Chinese state media as saying on Monday.

It followed raids on Mintz Group in March, which saw five employees arrested and the branch shut down.

US management consulting firm Bain & Company said its Shanghai office was visited by Chinese officers in April, and employees questioned.

A report on CCTV on Monday alleged Capvision, which was founded in China and has joint headquarters in New York and Shanghai, had paid employees of Chinese state-owned companies to leak secrets.

It did not say when the raids took place, but reportedly said a multiagency investigation had seen one employee of a state-owned company jailed for six years for providing state secrets to Capvision’s overseas clients, the Guardian reported.

The report suggested there was growing suspicions of such firms, as well as domestic companies which work with the due diligence and business research industry.

It said some consulting firms were ignoring national security risks in seeking market share and profit, and becoming “accomplices for overseas espionage, bribery, and extraction of national secrets and intelligence”, the Guardian reported.

“In recent years, some western countries have been implementing strategies to contain and suppress China, with increasing rampant activities to steal intelligence information in key areas such as military, military industry, economy, and finance,” it said, according to a translation by China analyst Bill Bishop.

ALSO READ: Canadian diplomat expelled from China in reciprocal move

Previous Story

Imran’s arrest triggers unrest across Pakistan

Next Story

Chinese delegation due in Gilgit-Baltistan next week

Latest from -Top News

India-EU Trade Talks Resume

The proposed India-EU FTA covers 23 policy areas, or chapters, of which at least two – market access and rules of origin – have yet to be resolved….reports Asian Lite News India

India Launches Relief Ops in Bhutan

The Royal Government of Bhutan has expressed sincere gratitude to the Indian Army…reports Asian Lite News Amid unprecedented floods caused by a low-pressure system over the Bay of Bengal, relentless rainfall has

Jaishankar Hints at Tariff Deal with US

Jaishankar explained that the ongoing trade tensions largely stem from the inability of both sides to reach a common ground on several issues….reports Asian Lite News External Affairs Minister S. Jaishankar on
Go toTop

Don't Miss

Chinese Arms: All Show, No Go?

Mounting evidence indicates that systemic corruption and persistent quality issues

Taiwan tracks Chinese fighter jets, naval ships around nation

China has gradually increased the number of military planes and