German sporting goods manufacturer Adidas, which owns Reebok, has sued former top managers of its Indian subsidiary. According to Reuters, the parent company accuses ex-executives of fraud.
According to Adidas, the former managing director of the company Subhinder Singh Prem and the former production director Vishnu Bhagat inflicted damage on the company in the amount of $ 157 million by their illegal actions. Prem and Bhagat forged documents, stole the company's products and sent them to warehouses, the existence of which only knew they are. In addition, on their own initiative, they launched a bonus campaign to extract additional profit.
The case of top managers of the Indian Reebok is controlled by local law enforcement. The police said that in the near future will begin verification of the company. After opening the fraudulent scheme, both top managers who worked in the company for about 16 years were fired, sostav.ru reports with reference to the Hindustan Times.