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SBD Global/September 7, 2012/Leagues and Governing Bodies
The Serious Fraud Investigation Office Is Investigating Alleged Irregularities At Reebok India
Published September 7, 2012
The Serious Fraud Investigation Office (SFIO) has "started a probe into alleged irregularities" at sportswear manufacturer Reebok, according to the PTI. Minister of State for Corporate Affairs R.P.N. Singh said that the Ministry has "initiated an investigation" into alleged irregularities at Reebok India. Singh: "On the basis of media reports, this Ministry has ordered investigation into the affairs of Reebok India under section 235 of the Companies Act, 1956 on 29.05.2012, which is being conducted by the Serious Fraud Investigation Office of this Ministry." However, he also stated that the Ministry has not "received any specific complaint regarding fraud" in Reebok India Company (PTI, 9/6).
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