Reebok
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Reebok India, owned by Germany's Adidas, lodged a police complaint against two former top executives accusing them of fraud that had led the company to lose Rs 8,700 crore (USD 157 million). The alleged fraud would be the most high-profile ...
May 23, 2012 at 08:13 | Source: MoneyControl.com
MUMBAI, India (AP) — Germany's Adidas Group said Wednesday that Indian police are investigating two former executives from its Reebok India unit for an alleged fraud that could cost the company tens of millions of dollars. Adidas spokesman Jan ...
May 23, 2012 at 13:14 | Source: NPR News
The Gurgaon Police, which is investigating the alleged Rs 870-crore fraud in Reebok India by former MD Subhinder Singh Prem and COO Vishnu Bhagat, on Thursday said the company's claim is "far from reality" and the amount "would be less". "The amount ...
May 24, 2012 at 12:44 | Source: Daily News and Analysis
Reebok India has lodged a police complaint against former managing director Subhinder Singh Prem and ex-chief operating officer Vishnu Bhagat accusing them of commercial and financial irregularities. The firm alleged that the two set up secret warehouses ...
May 23, 2012 at 12:38 | Source: BBC News
Gurgaon: Reebok India, owned by Germany's Adidas, lodged a police complaint against two former top executives accusing them of fraud that had led the company to lose Rs 870 crore ($157 million). The alleged fraud would be the most high-profile ...
May 23, 2012 at 12:38 | Source: NDTV
The Rs. 870-crore Reebok scam seems to be drawing attention of multiple investigating agencies as they would be looking into various aspects — from tax evasion to money laundering, while the company is likely to face a dent in its financials.
May 25, 2012 at 18:20 | Source: Hindustan Times
The Corporate Affairs Ministry, on Wednesday, ordered a scrutiny of the books of accounts of sportswear maker Reebok's Indian arm over complaints of an alleged Rs.870-crore fraud. “We have ordered an enquiry under Sec. 234 of the Companies Act ...
May 22, 2012 at 23:52 | Source: The Hindu
New Delhi/Gurgaon: In more trouble for Reebok India, the I-T department has launched a probe into its finances and has begun issuing notices to its executives after an alleged Rs 870-crore fraud case was detected by the company against two of ...
May 24, 2012 at 12:16 | Source: zeenews.india.com
While Reebok India has only named two senior company officials in the alleged fraud complaint which has cost the company Rs 870 crore, an Economic Times report today says that many more Reebok India employees may face investigation for the ...
May 24, 2012 at 03:40 | Source: firstpost.com
On 30 April, Adidas reported financial irregularities at its Reebok unit in India that could result in a loss of up to Rs 873 crore (€125 million) on earnings in previous years, while further restructuring in India could cost Rs 488 crore (€70 million ...
May 23, 2012 at 17:39 | Source: Livemint.com