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ADIDAS FRAUD
Adidas files application with DIPP for setting up fully-owned stores in IndiaGerman sportswear major Adidas has filed an application with the DIPP for setting up fully-owned flagship stores in the country.- Reebok fraud: Parent adidas welcomes MCA actionAccording to the statement, Reebok India officials Claus Heckerott and Shahin Padath originally discovered the fraud.
- Government starts prosecution proceedings in Reebok fraud caseThe government has started prosecution proceedings in the case of alleged financial fraud at sportswear maker Reebok India.
- SFIO to soon start prosecution proceedings in Reebok caseSerious Fraud Investigation Office is expected to soon start prosecution proceedings in the case of alleged financial fraud at Reebok India.
- Reebok India's Rs 870 crore fraud 'deep in the past': Adidas India MD Eric Haskell"This (Reebok fraud) is deep in the past for us. We are focused on growing the business," Adidas Group India Managing Director Eric Haskell...
- Despite Hit, Adidas to revive troubled Reebok BrandAdidas said the fraud in India in 2011 made a dent of about Rs 1,500 cr, in its balance sheet for that year, much more than its last year's...
- Adidas gets a new MD, Reebok India a New LifeReebok India is bracing for revival under a new leader and perhaps investing in retail operations after being stung by a 870-crore fraud la...
- German sportswear major Adidas brings ex-China head Erick Haskell to lead India operationsAdidas group today announced a top management change in India with Erick Haskell, ex-COO of its China operations, coming in to head the bus...
- Reebok's Q2 global sales down 26pc due to India issues: AdidasAdidas said it does not expect any major deviation from the $86.1 mn in restructuring cost it has already flagged for "commercial irregular...
- SFIO finds dubious deals between Reebok India & parent Adidas AG870-crore fraud at Reebok India to include certain transactions between the Indian subsidiary and the parent Adidas AG.
- Reebok India scales down reported loss on fictitious salesReebok India has told the govt's SFIO that the loss on account of fictitious sales is less than half of what it had originally alleged in i...
- SFIO to decide on probing KPMG's role in Reebok case: Veerappa MoilyGovt said it will be up to SFIO to investigate role played by KPMG in the alleged Rs 870 cr fraud in Reebok India by its two former top exe...
- Now, Adidas AG files counter suit against Subhinder Singh PremAdidas was “shocked” to see reports in print and electronic media where Prem made “false, defamatory statements against the company.
- Veerappa Moily warns Reebok India against holding back informationReebok India, part of the Germany-based Adidas group, has been holding out on the government's demand of handing over its books.
- Reebok fraud case: SFIO, ICAI to probe auditors' role"The Serious Fraud Investigation Office (SFIO) will look into the role of auditors as it probes all angles of the case,'' said corporate af...
- Serious Fraud Investigation Office to Scrutinise Reebok India's accountsThe country's fraud detection agency, the Serious Fraud Investigation Office (SFIO), will scrutinise Reebok India's accounts, which is alle...
- Court rejects ex-Reebok MD’s bail pleaA Gurgaon court has rejected an anticipatory bail plea by Subhinder Singh Prem, Reebok India’s former managing director.
- More employees may be involved in Reebok scam, suspect policeSeveral Reebok India employees may face investigation as police suspects that many people could be involved in the scam.
- Ex-MD Subhinder Singh sues Adidas over fraud charge, seeks Rs 15 crore in damagesSubhinder Singh said that Adidas, which earlier said "commercial irregularities" in its Indian ops hit profit, was fully in loop on how co ...
- Michelin, Adidas in French tax probeParis prosecutors opened a probe Wednesday into whether oil giant Total SA, tire company Michelin SA, and the French operations of sportswe...
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