An Indian-origin former employee of pharma company Bristol-Myers-Squibb has pleaded guilty to stealing trade secrets from the drug manufacturer so that he could set up his own business in India.

Shalin Jhaveri, 30, entered a guilty plea to a one-count charge of theft of trade secrets.

A Syracuse, New York resident, Jhaveri faces up to 10 years in prison, a USD 250,000 fine and up to three years of supervised release and deportation, US Attorney for the Northern District of New York Richard Hartunian said in a statement.

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