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REEBOK SCAM
SFIO submits report on Reebok scamThe Serious Fraud Investigation Office has submitted to government its final probe report on alleged financial irregularities at sportswear...- John Abraham is New Brand Ambassador of Reebok IndiaReebok India has signed Bollywood actor John Abraham as its new brand ambassador as the sportswear brand looks to revive its operations in ...
- Court frames charges against ex-Reebok India MD, CFOSenior officials, including MD Subhinder Singh Prem and chief financial officer Vishnu Bhagat, have been made main accused in the case.
- Reebok makes a comeback as a premium fitness brandThe company plans to open 100 premium stores, called Reebok Fit Hubs, by March next to sell premium products such as shoes priced at Rs 12,...
- 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...
- Adidas fraud case: Sacked Reebok executives own 29 properties, says E&YAccording to the report, Prem and Bhagat separately own properties ranging from premium residential apartments to commercial properties.
- Reebok offers 30-50 per cent discounts ahead of switchover to new business modelReebok is offering deep discounts in a spat over the company's new business model that franchisees say may make business unviable.
- Reebok India scam: SFIO report likely by NovemberSFIO, probing the alleged irregularities at Reebok India, is likely to submit its report by November as the sports wear maker is still fina...
- Serious Fraud Investigation Office seeks more time to finish Reebok probeSFIO cited incomplete audit accounts & a delay in submission of documents by Reebok India as reasons for seeking an extension.
- Reebok India case: Corporate mismanagement led to scamProbe agencies have also found that some of the officials of the company could have been involved in the inflation of bills and over-valuat...
- Reebok scam: Staff exodus affects probe; process of tracing records slowedSFIO is finding it difficult to make headway in the alleged scam at Reebok India because an exodus of employees has slowed down the process...
- Serious Fraud Investigation Office probing alleged irregularities at ReebokMoS for Corporate Affairs informed the Lok Sabha the Ministry has initiated an investigation into alleged irregularities at Reebok India.
- Reebok India case: I-T finds no signs of big corporate fraudAbout two months after a criminal case was filed by Reebok India against two of its former employees over a scam allegedly involving Rs 870...
- Reebok scam: SFIO to study books of footwear and apparel companiesSFIO gives a clean chit to global auditors of the company stating that it wasn't the auditor's mandate to scrutinize each country's account...
- We don't want to be seen policing corporate bodies: Veerappa Moily"We are investigating fraud committed on a company. Since there are auditors and many other players, you cannot attribute motives to everyb...
- 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...
- Court rejects bail plea of former Reebok India honchosA local court today rejected the anticipatory bail plea of Reebok India's former MD Subhinder Singh Prem and COO Vishnu Bhagat in connectio...
- 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 ...
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