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Two Men Arrested in India for Stealing Source Code from Tech Firm

men arrested for computer fraud, Two Men Arrested in India for Stealing Source Code from Tech Firm, stealing source code, hacking into the computer system, information security expert, information technology companies,

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September 16, 2013

men arrested for computer fraud, Two Men Arrested in India for Stealing Source Code from Tech Firm, stealing source code, hacking into the computer system, information security expert, information technology companies,

Two men from Hyderabad India, were arrested for stealing the source code of MIC Electronics limited. MIC Electronics limited tech company that specializes in the design, development and manufacturing of LED video displays and high-end electronics and telecoms equipment.

A man name as "B. V. Ramana" who is the general manager in the company have stolen the source code of the firm. He says that, he offered the code to many of the other companies, and finally he was sold it to a Bangalore based firm name as GG Tronics Private Limited.

MIC notified to the authority department when they saw that GG Tronics was producing "True Color Video” display boards, whose patents was of MIC.

Another employee of the MIC name as "M. N. S. Srinivas" have also been arrested. Srinivas got caught when authorities have check the emails of the Mr. Ramana, where both of them were discussing about the selling of the source code.

Police authorities found three laptops, two pen drives, six hard disks, and nine CDs containing MIC source code.

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