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SBD Global/January 24, 2013/Finance

Serious Fraud Investigation Office Says Reebok India Causing Delay Into Probe

Serious Fraud Investigation Office officials said that Reebok India is "causing delay in a probe into its complaint against its two top former employees for alleged financial irregularities and fraud," according to Dey & Mitra of the Indian BUSINESS STANDARD. A key SFIO official said, "We need the audited accounts from the company for 2011 to substantiate our claims in the investigation report. We are mostly through with our probe, but we are not able to wrap it up because the company has not yet submitted the accounts for the period when most of the irregularity took place" (BUSINESS STANDARD, 1/23).
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