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

Top Indian Officials Head to Washington

The visit, likely next week, follows US President Trump’s claims that his administration helped broker the recent India-Pakistan ceasefire….reports Asian Lite News Top sources revealed on Sunday that Foreign Secretary Vikram Misri

India, Canada Discuss Enhancing Diplomatic Relations

Canada’s new Prime Minister Mark Carney is pushing for deepening economic cooperation with India….reports Asian Lite News External Affairs Minister S. Jaishankar held his first phone call with Canadian counterpart Anita Anand,

Ramaphosa gains from US showdown

South African President’s conduct with Trump reminded South Africans of his diplomatic pedigree, and of his importance to the country’s rules-based order South Africa’s President Cyril Ramaphosa and his delegation went to
Go toTop

Don't Miss

Chinese FM’s visit fuels anti-China protests in Myanmar

Protesters damaged Qin Gang’s photos and set fire to the

‘Jaishankar Doctrine’: A paradigm shift in India’s China approach

Going by the tough bytes, interesting days may seem ahead