Indians Sentenced for Attempted Theft of Sarine’s Intellectual Property

Indians Sentenced for Attempted Theft of Sarine’s Intellectual Property

Israeli diamond and gemstone industry tech firm Sarine Technologies Ltd said two Indians who had tried to steal some of the company’s intellectual property last summer were convicted at the end of a court case that took place in Tel Aviv.

Sarine announced that it was pleased with the outcome of the case. David Block, CEO of Sarine, noted that, "Sarine is fully committed to prosecuting each and every attempt to illegally benefit from its intellectual property to the extent possible."


Sarine announced last July that there was an attempt by two Indian nationals to buy Sarine’s Galaxy system’s schematics, list of parts and vendors and software source code for $1,000,000.



The money was offered to an investigator posing as a Sarine employee, and the two Indians were immediately arrested by the police.


“We are pleased to update that the perpetrators were convicted and ordered to pay a substantial fine with one suspect also sentenced to eight months in Israeli prison, and the second perpetrator summarily expelled from the country,” Sarine said in a statement.