10-13-2006, 10:19 PM
<b>Data theft makes IT firm quit India </b><!--QuoteBegin-->QUOTE<!--QuoteEBegin-->New Delhi: After registering a case against an employee who had allegedly stolen data, the Gurgaon-based IT firm Acme Telepower Management waited for something to happen. A week later they have decided to stop operating out of India and move to Australia.
It seems like this is the beginning of a domino effect, even as India's antiquated police force tries to deal with new age crime like data theft.
Acme Telepower is claiming a national loss of Rs 750 crore. They are saying it's all because an ex-employee named Sachidanand Patnaik who allegedly stole research and handed it over to his new employer - a competitor in the power industry solutions space.
On Thursday, the board of Acme met after a Gurgaon Sessions court granted bail to Patnaik and decided it was time to pack their bags.
<b>"We are disappointed in the system. Patents and research are not protected, so we are not sure if the law will be able to protect us,â </b>GM Marketing, Acme, Sandeep Kashyap said.
<b>Acme employs around 1,100 people, who will be affected by the firmâs move to Australia that will happen over the next eight months.
Most of the 70 people in the Research and Development section will be the first to move. For the rest, the future is unclear.
According to Acme, only a small manufacturing operation will remain in India, but they say they will take care of their employees and that their reason for leaving is simple.</b>
<b>"The fact that the main accused has got bail and the others got a clean chit has disappointed us completely,â Kashyap said</b>.
..............
<b>"If the reason they are leaving India is because the main accused has got bail, then it is contempt of court,â Patnaik's lawyer, Vakul Sharma said.</b>
<b>When people lost faith in the system in the past, there was little they could, outside of rallying against everything wrong with the world</b><!--QuoteEnd--><!--QuoteEEnd-->
This was expected, as India is on top of most corrupt country. No moral values left.
It seems like this is the beginning of a domino effect, even as India's antiquated police force tries to deal with new age crime like data theft.
Acme Telepower is claiming a national loss of Rs 750 crore. They are saying it's all because an ex-employee named Sachidanand Patnaik who allegedly stole research and handed it over to his new employer - a competitor in the power industry solutions space.
On Thursday, the board of Acme met after a Gurgaon Sessions court granted bail to Patnaik and decided it was time to pack their bags.
<b>"We are disappointed in the system. Patents and research are not protected, so we are not sure if the law will be able to protect us,â </b>GM Marketing, Acme, Sandeep Kashyap said.
<b>Acme employs around 1,100 people, who will be affected by the firmâs move to Australia that will happen over the next eight months.
Most of the 70 people in the Research and Development section will be the first to move. For the rest, the future is unclear.
According to Acme, only a small manufacturing operation will remain in India, but they say they will take care of their employees and that their reason for leaving is simple.</b>
<b>"The fact that the main accused has got bail and the others got a clean chit has disappointed us completely,â Kashyap said</b>.
..............
<b>"If the reason they are leaving India is because the main accused has got bail, then it is contempt of court,â Patnaik's lawyer, Vakul Sharma said.</b>
<b>When people lost faith in the system in the past, there was little they could, outside of rallying against everything wrong with the world</b><!--QuoteEnd--><!--QuoteEEnd-->
This was expected, as India is on top of most corrupt country. No moral values left.