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Sarine Unit to Sue over Alleged Fraud
Jan 7, 2018 4:07 AM
By Rapaport News
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RAPAPORT... Sarine Technologies subsidiary Galatea will be taking legal
action against a manufacturer in Surat, India, claiming fraudulent use of
Sarine’s Galaxy inclusion-mapping technology and software, the company
announced Thursday.
Galatea noted a long-term discrepancy between the weights of
the rough stones the Galaxy system was processing and those the manufacturer was
reporting to the company, resulting in the client consistently underpaying for
the technology, Sarine said.
An internal analysis by Galatea revealed that the manufacturer
had managed to hack the Galaxy software to manipulate the weights it reported,
according to Sarine. Galatea discovered the discrepancy while auditing the
manufacturer’s use of the software, the company added.
“The Sarine Group is taking proactive and aggressive actions
aimed at protecting our intellectual-property rights, including against
manufacturers who are engaged in the use of infringing products and services or
any other fraudulent use of our technologies,” said David Block, Sarine’s CEO.
Sarine plans to release the manufacturer’s identity after
filing the lawsuit within the next few weeks. The company will be seeking
compensation for damages.
Image: Sarine Technologies
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Tags:
David Block, fraud, Galatea, Galaxy, India, mapping, Rapaport News, Sarine, Sarine Technologies, Surat, technology
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