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Subhinder Singh Prem

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  • Business

How Reebok fraud cost Adidas Rs 170 crore

 German sportswear maker Adidas has disclosed to the Serious Fraud Investigation Office (SFIO) that it lost around Rs 170 crore (Rs 1.7 billion) because of "goodwill impairment" after it bought......

More trouble for Adidas

 Former Adidas India managing director, Subhinder Singh Prem, who had expanded the Reebok brand aggressively in the country, is likely to file a legal notice against his former employers. The......

Adidas admits to India irregularities

 Global sportswear major Adidas on Monday admitted to "commercial irregularities" at the Indian unit of Reebok, its most popular and the leading sportswear brand in the country. The admission......

ICAI starts probe into role of Reebok's ex-COO

 The Institute of Chartered Accountants of India (ICAI) has initiated an inquiry against former Reebok India chief operating officer Vishnu Bhagat, one of the accused in the alleged Rs 870-crore......

Ex Reebok CFO may face action for not sharing info

 Accounting watchdog ICAI said on Tuesday strict action could be taken against Reebok India's former Chief Financial Officer Vishnu Bhagat if he fails to respond to the show-cause notice regarding......

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