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Indian pleads guilty to stealing trade secrets in US

BOSTON: 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.

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.

Jhaveri, who holds a Ph.D, also agreed to be deported from the US after completion of any jail term imposed. He cannot seek relief or appeal his order of deportation. After being deported Jhaveri would never be able to seek re-entry into the United States.

To read the complete article from The Economic Times, click here.

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