A British judge denied bail on Friday to a couple wanted by Israel for alleged involvement in the country's biggest business scandal in decades -- an alleged high-tech industrial spying ring.
District Judge Anthony Evans ordered Michael and Ruth Haephrati held without bail until the next hearing in their case, which he scheduled for July 1. Israel is seeking to extradite the pair.
They did not speak during the hearing at Bow Street Magistrates Court, only nodding to confirm their dates of birth.
The Haephratis' defense lawyer had said it was unnecessary to hold them without bail, since they had given up their travel documents. He said they had not seen one another or their daughter, who is being cared for by relatives, since their arrest last week.
Prosecutor John Hardy, acting for the Israeli government, said detention was necessary because Israel would not be able to extradite Michael Haephrati, who is German, if he flees to Germany.
Because the couple's alleged crimes were committed in cyberspace, Hardy said, "they could go anywhere in the world" and continue those activities.
The Haephratis are at the center of a scandal that has shaken Israel's business world. Top Israeli blue-chip companies are suspected of using illicit surveillance software to steal information from their rivals and enemies. Alleged victims include the local operations of the Ace hardware chain and Hewlett-Packard Co.
Police said more than 20 people had been arrested.
Israeli investigators believe Michael Haephrati, 41, designed the spying program and sold customized copies to three Israeli private investigators.
The private investigators allegedly then sneaked the program into the computers of their clients' major competitors via seemingly benign e-mail attachments.
The case is attracting the attention of top security software makers. Software firms in the US have been updating their products to defend against similar outbreaks.
Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) halted shipments to a customer this month after its semiconductors were sent to China’s Huawei Technologies Co (華為), potentially breaching US sanctions, a government official said. The US slapped sanctions on Huawei in 2019, and expanded them the following year, over fears its technology could be used for Beijing’s espionage operations. The restrictions prevent TSMC from selling semiconductors to Huawei. However, TSMC discovered on Oct. 11 that chips made for a “specific customer” had ended up with the Chinese company, a Taiwanese official with knowledge of the incident said on the condition of anonymity. TSMC “immediately activated
US SANCTIONS: The Taiwan tech giant has ended all shipments to China-based Sophgo Technologies after one of their chips was discovered in a Huawei phone Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) suspended shipments to China-based chip designer Sophgo Technologies Ltd (算能科技) after a chip it made was found on a Huawei Technologies Co (華為) artificial intelligence (AI) processor, according to two people familiar with the matter. Sophgo had ordered chips from TSMC that matched the one found on Huawei’s Ascend 910B, the people said. Huawei is restricted from buying the technology to protect US national security. Reuters could not determine how the chip ended up on the Huawei product. Sophgo said in a statement on its Web site yesterday that it was in compliance with all laws
TECH TITANS: Nvidia briefly overtook Apple again on Friday after becoming the world’s largest company for a short period in June, as Microsoft fell to third place Nvidia Corp dethroned Apple Inc as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence (AI) chips. Nvidia’s stock market value briefly touched US$3.53 trillion, slightly above Apple’s US$3.52 trillion, London Stock Exchange Group data showed. Nvidia ended the day up 0.8 percent, with a market value of US$3.47 trillion, while Apple’s shares rose 0.4 percent, valuing the iPhone maker at US$3.52 trillion. In June, Nvidia briefly became the world’s most valuable company before it was overtaken by Microsoft Corp and Apple. The tech trio’s market capitalizations have been
Shares of Starlux Airlines Co (星宇航空) surged more than 53 percent on its debut on the Taiwan stock exchange yesterday. Starlux shares closed up 53.75 percent at NT$30.75 from its initial public offering price of NT$20 after retreating in late trading from a 60 percent rise. China Airlines Ltd (CAL, 中華航空) rose 0.90 percent to close at NT$22.35, while EVA Airways Corp (長榮航空) gained 0.40 percent to close at NT$37.70. In Taiwan, a newly listed stock is allowed to go beyond the 10 percent maximum increase or decline in its first five trading sessions. At the listing ceremony, Starlux chairman Chang Kuo-wei (張國煒) said