Tuesday, 15 May 2012

Adidas seeks probe into Reebok India irregularities

German sportswear giant Adidas has petitioned the Indian law enforcement authorities to open a criminal investigation into alleged financial irregularities uncovered in its Indian arm Reebok India.

A "criminal complaint" was filed with the Indian law enforcement authorities in order to bring formal charges in connection with the "commercial irregularities uncovered at Reebok India", an Adidas spokesman told PTI.
An Adidas team is currently in India to assist in the investigations.

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