Saturday, 5 May 2012

Income Tax officials raid Reebok office

Two days after Adidas management in Germany announced about the large scale financial irregularities in Reebok India operations, the I-T officials raided the company's corporate office in Gurgaon on May 2 . Sources said the raid was conducted to scrutinize the account and sales records of Reebok.

Sources added that I-T officials seized hard disks of three laptops belonging to top officials of Reebok, who are posted in Gurgaon. The I-T team had questioned CFO Shahin Padtha and other officials in the company . They took away several documents relating to finance and sales. Reebok's corporate office confirmed the raid and stated the I-T team had come to seek clarifications about Reebok India in regards to the announcement made on Monday. It said that the company shared the required details with them.

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