China’s counterfeiters aided by Western firms’ weak response
WENZHOU, China (AP) — An Associated Press investigation published last week uncovered systemic fraud in China’s anti-counterfeiting industry. Major multinational companies, blind to problems on the ground, unwittingly paid investigators who themselves manufactured or sold counterfeit goods. In other cases, investigators colluded with the very counterfeiters they were supposed to expose.Fraud in the anti-counterfeiting industry goes well beyond luxury fashion goods, and has impacted products that can be dangerous — including auto parts, pharmaceuticals and critical electrical components,
Many firms treat counterfeiting as a minor cost of doing business in China. Few spend the money required to tackle the powerful, hidden networks that drive China’s multibillion-dollar counterfeiting juggernaut.
Related Posts
Two held for printing, circulating fake currency in Mumbai.
The Mumbai Police Crime Branch has arrested two people allegedly involved in...
Smuggled cigarettes seized in city.
GUWAHATI: City police have seized nine cartons of foreign-made cigarettes worth...
Maplewood attorney pleads guilty to smuggling contraband
A Maplewood attorney who worked for nearly 20 years as an assistant prosecutor...
2.32 kg gold worth Rs 1.14 crore seized at Chennai Airport, one arrested
Chennai Air Customs officials busted a new modus operandi of gold smuggling where...