"The amount involved in the scandal would be less," Maheshwar Dayal, DCP (East), Gurgaon told PTI.
When asked what could be the magnitude of the scandal, he did not elaborate but said the company's claim that it will have to take a total hit of approximately Rs 870 crore and will have to incur a restructuring cost of Rs 487 crore is "far from reality".
When contacted, the company as well as Prem and Bhagat declined to comment.
Giving an update on the investigation so far, Dayal said three, out of "four secret warehouses", which Prem and Bhagat had allegedly operated to "keep diverted and stolen stocks" have been found to be empty.
The possession of fourth "secret warehouse" where some goods were found was taken by the company, he added.
All the four warehouses are in Delhi - two in Bijwasan and Vasant Vihar each.
Reebok India, in its FIR filed on May 21, had stated that it has nine official warehouses but alleged that Prem and Bhagat were "operating four secret warehouses to keep the clandestinely diverted and stolen stocks" which were not reported in the books of the company. MORE
