SenseTime's former IP rights employee under investigation (updated)

SenseTime

28/09/2023 15:49

(Adds company statement)
    By Josh Ye
       Hong Kong, Sept 28 (Reuters) - Chinese tech company
SenseTime  0020.HK  said on Thursday a former employee of its
intellectual property division is now under police
investigation.
    Without elaborating on details, a SenseTime spokesperson
told Reuters via messaging app WeChat, "a former employee of
 the  intellectual property division is currently under
investigation by the Public Security Bureau due to suspected
commercial related case."
    The spokesperson added that SenseTime has always strictly
adhered to business ethics and norms, and has "a zero-tolerance
policy towards corruption and any form of illegal activities".
    Chinese local media first reported the story. The
state-backed Shanghai Securities News said the suspect is a
former executive director of intellectual property rights. 
    The report added that the suspect is now subject to
"mandatory measures" due to economic problems but it did not
specify which economic problems are under investigation. 

 (Reporting by Josh Ye in Hong Kong, Ella Cao in Beijing and Meg
Shen in Hong Kong. Editing by Jane Merriman and Ros Russell)
 ((Ella.Cao@thomsonreuters.com;))