Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Ex-ASML employee in Dutch custody had contact with Russian intelligence, prosecutors say
    Finance

    Ex-ASML employee in Dutch custody had contact with Russian intelligence, prosecutors say

    Published by Global Banking and Finance Review

    Posted on February 6, 2025

    3 min read

    Last updated: January 26, 2026

    A haunting image representing the aftermath of a militia attack in eastern Congo's Ituri province, where over 35 civilians were killed. This violence highlights ongoing conflicts in the region related to land and resource disputes.
    Scene depicting aftermath of militia attack in eastern Congo - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:corporate governanceFinancial crimeinternational financial institution

    Quick Summary

    An ex-ASML employee is in Dutch custody for allegedly leaking corporate secrets to Russia, with confirmed contact with Russian intelligence.

    Former ASML Employee Arrested for Alleged Espionage Ties to Russia

    By Toby Sterling

    ROTTERDAM, Netherlands (Reuters) -An ex-employee of major Dutch computer chip equipment maker ASML held on suspicion of stealing and selling corporate secrets to a Russian buyer also had contact with Russia's FSB intelligence service, prosecutors said on Thursday.

    The Russian suspect, German Aksenov, has denied any wrongdoing. ASML and Dutch chip maker NXP, where he also worked, have said they do not believe Aksenov sold information that could have seriously harmed their businesses.

    Dutch prosecutors said at a pre-trial hearing at which Aksenov's detention was extended that they had received information about his contact with the FSB via a message from Dutch intelligence agency AIVD in late December.

    They did not elaborate on the import of the alleged contact but said the AIVD message had underlined that "gathering intelligence over science and technology is among the FSB's tasks".  

    Aksenov's lawyer Richard Jansen said outside the courtroom that he had agreed with his client to not yet respond to allegations made by the prosecution, including the alleged contact with the FSB, but they would give a full defence when the case comes to trial.

    At the 43-year-old Aksenov's initial appearance in December, prosecutors said he had a contact named "Misha" who worked for a Russian firm called Innovative Engineering Centre and who was trying to set up a chip production plant in Russia.

    Aksenov is suspected of stealing design manuals for microchips, microchip equipment and for technology with potential military applications that belonged to ASML, ASML subsidiary Mapper, NXP and the Delft University of Technology, to which he had access through his employment.

    Prosecutors dropped money laundering and corruption charges against Aksenov at Thursday's hearing, saying their case would centre on the corporate theft and sanctions violations. 

    The prosecutors said there was a risk Aksenov might flee and would continue to leak secrets if he were freed from detention. 

    Aksenov spoke up to protest his jail conditions, citing limited contact with his partner and family in Russia. 

    He called it a "Catch 22" that he had lost both his apartment and his permission to remain in the Netherlands, but must remain in a Dutch jail.

    Judge Annemiek Boer said she expected his conditions would be improved and set the next hearing in the case for April 4.

    (Reporting by Toby Sterling; Editing by Mark Heinrich and Emelia Sithole-Matarise)

    Key Takeaways

    • •Ex-ASML employee suspected of selling secrets to Russia.
    • •Contact with Russian FSB intelligence confirmed by prosecutors.
    • •Charges focus on corporate theft and sanctions violations.
    • •Aksenov denies wrongdoing, awaits trial.
    • •Prosecutors dropped money laundering charges.

    Frequently Asked Questions about Ex-ASML employee in Dutch custody had contact with Russian intelligence, prosecutors say

    1What are the charges against German Aksenov?

    German Aksenov is suspected of stealing design manuals for microchips and technology with potential military applications, along with corporate theft and sanctions violations.

    2What was the nature of Aksenov's alleged contact with Russian intelligence?

    Dutch prosecutors indicated that Aksenov had contact with the FSB, as highlighted by a message from the Dutch intelligence agency AIVD, which noted that gathering intelligence on science and technology is among the FSB's tasks.

    3What did Aksenov's lawyer say about the allegations?

    Aksenov's lawyer, Richard Jansen, stated that they agreed not to respond to the prosecution's allegations, including the alleged contact with the FSB, at this time.

    4What are Aksenov's concerns regarding his detention?

    Aksenov expressed concerns about his jail conditions, citing limited contact with his partner and family in Russia, and referred to his situation as a 'Catch 22' due to losing his apartment and residency permission.

    5What did the judge say about Aksenov's jail conditions?

    Judge Annemiek Boer mentioned that she expected Aksenov's jail conditions would be improved and scheduled the next hearing for April 4.

    More from Finance

    Explore more articles in the Finance category

    Image for Australia's Maas Group to sell construction materials division for $1.2 billion
    Australia's Maas Group to sell construction materials division for $1.2 billion
    Image for Snap reports upbeat fourth-quarter revenue as holiday season boosts ad spending
    Snap reports upbeat fourth-quarter revenue as holiday season boosts ad spending
    Image for Qualcomm shares slide as memory chip shortage hits smartphone market
    Qualcomm shares slide as memory chip shortage hits smartphone market
    Image for Google parent Alphabet says it could double capital spending in 2026
    Google parent Alphabet says it could double capital spending in 2026
    Image for Fifty-five thousand Ukrainian soldiers killed on battlefield, Zelenskiy tells French TV
    Fifty-five thousand Ukrainian soldiers killed on battlefield, Zelenskiy tells French TV
    Image for Pandora to launch platinum-plated jewellery as silver prices soar
    Pandora to launch platinum-plated jewellery as silver prices soar
    Image for Telegram's Durov says proposed Spanish social media restrictions seek to censor critics
    Telegram's Durov says proposed Spanish social media restrictions seek to censor critics
    Image for Dip-buyers go missing as software selloff slams stocks
    Dip-buyers go missing as software selloff slams stocks
    Image for Europe's anti-money laundering body set to be fully operational in 2028
    Europe's anti-money laundering body set to be fully operational in 2028
    Image for Dental sector may steady in 2026, but full recovery remains distant, analysts say
    Dental sector may steady in 2026, but full recovery remains distant, analysts say
    Image for Rio Tinto seeks leadership roles in Glencore merger talks, FT says
    Rio Tinto seeks leadership roles in Glencore merger talks, FT says
    Image for Exclusive-EU rethinks climate diplomacy after bruising COP30 summit, document shows
    Exclusive-EU rethinks climate diplomacy after bruising COP30 summit, document shows
    View All Finance Posts
    Previous Finance PostRussia to supply more electricity to breakaway Georgian region
    Next Finance PostPope Francis has bronchitis but will keep his schedule, Vatican says