Gurgaon: An FIR was lodged on Wednesday against former chief of Reebok India, Subender Singh, and another top ex-employee for alleged financial and commercial irregularities causing a loss of Rs 1,300 crore to the company.
Singh and Reebok India's former chief operating officer, Vishnu Bhagat, were booked for allegedly siphoning off the company's money by creating ghost distributors across the country and generating forged bills over the last five years.
When the alleged scam came to light in March 2012, Singh, who had been made the Managing Director of Adidas India last year as a part of an integration of the businesses of both Adidas and Reebok brands, was dismissed from the company.

Bhat's services were terminated too.
The company's financial director, Shahim Padath, later lodged a formal complaint against the duo.    

The economic cell of Gurgaon police conducted a probe and found that Singh and Bhagat had allegedly rented four warehouses without informing their seniors and used them to store goods and claimed they were supplied to genuine dealers.    

They also allegedly siphoned off goods to ghost companies and distributors across the country, claiming they were defective pieces.
On the complaint of Shahim, stating that the duo had caused a loss of Rs 1,300 crore to the company through these irregularities, an FIR was lodged against them, police said.


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