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Adidas seeks criminal probe into Reebok India irregularities

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Press Trust of India Berlin

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.

Further details cannot be made public at this stage as investigations were continuing, the spokesman said.

Adidas claimed earlier this month that it had uncovered commercial irregularities to the tune of 125 million euros in its subsidiary Reebok India and announced plans to close one-third of around 900 Reebok stores as part of a restructuring strategy.

 

In March, the company announced top-level management changes in Adidas India and said that managing director Subhinder Singh Prem and chief operating officer Vishnu Bhagat have "left the company with immediate effect".

Prem served as the head of Reebok

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First Published: May 12 2012 | 11:55 AM IST

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