Employee exodus major hurdle in Reebok scam investigation: SFIO
A top officer from SFIO on anonymous conditions told ET that the agency is not able to either lay its hands on the documents or it is quite longer duration to get the required information. Due to these inconveniences, the agency might miss the due date of September-end that was set by the corporate affairs ministry for submission of the final report, added the officer from the SFIO.
In May, Reebok India had submitted a First Information Report (FIR) with the Gurgaon police, alleging Reebok India chief executive Subhinder Singh Prem and Chief Operating Officer (COO) Vishnu Bhagat of being responsible for financial irregularities for their personal gain.
While the two executives rejected the alleged charges, the ministry entrusted the case to the SFIO to inspect the firm's accounts in detail for embezzling of funds, inventory diversion, and fictitious inflation of sales turnover.