Facebook Twitter google+ RSS Feed

An Indian American Ex- Intel Engineer Pleads Guilty to Theft Charges

By SiliconIndia   |   Monday, 09 April 2012, 10:12 Hrs   |    2 Comments
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

Bangalore: Biswamohan Pani, an ex employee of Intel who stole valuable documents from the company pleaded guilty to five counts of wire fraud, in court on last Friday.

Pani, an Indian-origin, worked as an engineer in Intel’s Massachusetts office. Before leaving the company in the year 2008, he downloaded some of the most valuable design and manufacturing documents related to the chip maker's Itanium processor technology, alleges federal prosecutors in Boston.

 Pani joined Advanced Micro Devices (AMD), the chief competitor of Intel in the chip industry even before Intel came to know about the theft. He did not take help from anyone to carry out the plan and moreover there is no evidence regarding AMD’s involvement in the case, said the prosecutors.

"AMD was not accused of wrongdoing, and the FBI has stated that there is no evidence that AMD had any involvement in or awareness of Pani's alleged actions," said Drew Prairie, a spokesman for AMD, reports Reuters. Pani was fired by ADM following the charges made against him.

The value of stolen company documents is estimated to be around an amount of $200 million to $400 million, Intel mentioned in the court filings. But, the original FBI declaration stated that the information he stole ‘’was worth more than $1 billion in research and development costs.’’

"Pani planned to use this information to advance his career at AMD or elsewhere by drawing on it when the opportunity arose, whether with his employer's knowledge or not”, according to an ABC News report at the time.

Pani who faces up to 20 years of imprisonment on each count is scheduled to be sentenced in the month of August, reports Reuters.

Experts on SiliconIndia
Santhosh  K
Sr. Soft. Engg.
Oracle India
Nehal Vyas
Sr. Team Lead
Cyberoam Tech.
Rani Malli
Sr. Director
Sr. Executive
Vijay Balkrishna Konduskar
Business Consultant
Imans Web Tech
Dr L P  Sharma
Technical Director
Reena Khanna
Dellas  Asse
sys-network admin
Computer Station
Write your comment now
Submit Reset
Reader's comments(2)
1: really really shame
Posted by:awdhi - 09 Apr, 2012
2: shameful!
Posted by:ankita - 09 Apr, 2012