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Rs 1,087 crore: That's how much Reebok India fiasco cost Adidas

Mar 07, 2013

German sportswear giant Adidas today said its balance sheet for 2011 is negatively impacted by euro 153 million (over Rs 1,090 crore) due to 'commercial irregularities' at its arm Reebok India Co. #Numbers #Adidas #Reebok India #Commercial Irregularities
Reebok India 'scam' is really financial mismanagement: Agencies

Sep 23, 2012

Agencies probing an alleged Rs 870 crore corporate fraud in the operations of Reebok India, have said they have detected a systemic "mismanagement" in the business planning and running of the company. #finance ministry #ConnectTheDots #Income tax #Serious Fraud Investigation Office #Reebok India #Economic Offences Wing
Reebok ex-MD and COO arrested in Rs 870 cr fraud case

Sep 20, 2012

Reebok India's sacked MD Subhinder Singh and former COO Vishnu Bhagat were arrested along with three others for their alleged involvement in a Rs 870-crore fraud in the company. #NewsTracker #Reebok #Reebok India #MD Subhinder Singh #Rs 870 cr fraud case

Blog posts

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Engineering a retail scam like Reebok? Here's how

May 28, 2012

Everyone now knows about the Reebok scam but it's not the only retail chain in India where corporate governance is an issue. Here's why. #Corporate governance #CEO #Gordon Gekko #Reebok India

Wire

Daily Mail - UK
Adidas hopes sales will kick off with raft of new products

2013-05-03 21:33:00

A lack of major sporting events caused sales to fall at German giant Adidas which said a raft of new products would help boost trading. The firm, which also owns Reebok, blamed tough comparable figures from the London Olympics and the European Football C #Adidas #Reebok #Jessica Ennis
Economic Times
SFIO completed probe in 55 cases in last 3 years

2013-04-26 11:12:00

NEW DELHI: The Serious Fraud Investigation Office (SFIO), which is under the Corporate Affairs Ministry As many as 64 cases were referred to SFIO, which has powers to probe serious fraud cases committed by corporates, in the last three financial years. " #New Delhi #Sachin Pilot #Lok Sabha
DreamCricket.com
USA Cricket: 2013 ICC WCL Division Three Report Card Part 3 - Outlook for USA's 50-over future

2013-05-16 21:22:00

1. Sort out the coaching situation – According to multiple team sources, Robin Singh was furious when talking to the team over the phone from India after USA lost to Bermuda on the last day of round-robin play. It’s hard to understand why he was furious #Mumbai Indians #Bermuda #Robin Singh

Editor's picks

The Big Mac of sports: Why we love IPL and its scandals

The average IPL fan isn’t outraged by the spot-fixing scandal. It merely confirms what we already suspected about the junk food of sports.
Nine years of UPA: What makes Sonia Gandhi the real hero

Not burdened by the baggage of caste or dogma, Sonia Gandhi has the opportunity and capacity to make a real difference to Indian society.
Sex charge against Phaneesh Murthy may be settled out of court

If the three can’t thrash out an out of court settlement, the sexual harassment case is likely to result in long litigation in the full glare of the media.
Why Preity Zinta stands for all that is wrong with the IPL

Preity Zinta embodies a lot of what is wrong with the IPL – irresponsibility and compromising the dignity of cricket as a sport.

Money, sleaze take the sheen off imperious Chennai Super Kings

Given the huge legal, moral and ethical stakes, Srinvasan and Meiyappan should have voluntarily clarified their position and should have offered to face an investigation.
How the Woolwich terror attack will harm Britain's Muslim community more

For Muslims in Britain, there comes one thing after another to get defensive about, and at quite short intervals. The Muslim community will be cornered into paying a price for the brutality of these two killers.
Explainer: Why Sensex has fallen over 300 points today

Chidambaram ‘s soothsaying may not work when the markets are driven largely by foreign institutional investors (FIIs)
PM carrying out responsibility with great dignity, says Sonia

Rejecting the talk about two power centres and differences between them, UPA Chairperson Sonia Gandhi today said there is “collective leadership” between her and Manmohan Singh and “we all stand by” the Prime Minister who will complete his term.

Why India is concerned about supplying arms to Afghanistan

From across the Hindu Kush, a plea for Indian help. Hamid Karzai wants New Delhi to provide artillery and military transport aircraft. It won’t cost India much—but New Delhi is worried about upsetting Pakistan, and wary of making commitments before it becomes clear which way the political wind is blowing in Kabul.
Sreesanth and IPL spot fixing: Why history makes it so hard to believe the police

With the glut of information regarding the IPL spot fixing scandal and the three cricketers how much of it can we really trust?
Phaneesh Murthy admits to relationship with employee

This is the second time the IT industry veteran has been involved in a sex scandal.
Despite BJP edge over Cong, both NDA and UPA are conjectures

Opinion polls show the BJP and the NDA ahead of the Congress and UPA. But it is the regional parties that are likely to make the biggest gains. NDA and UPA are post-poll creatures

Not just niceties, China and India need to focus on thorny issues

India’s discourse with China has traditionally been trapped in the Mao-ist maze that defines how “friends” ought to conduct themselves. But Chinese statecraft has evolved, and India too must up its diplomatic game.
Why the Indian media gives a damn about poverty

In that sense the poverty line of India is cruel. It is merciless and doesn’t allow the majority of Indians any money for shelter or access to education or healthcare or sanitation or anything else that civilised nations would consider as essential as food.
Goa meet: Will the BJP finally find a way out of its troubles?

Can the party resolve internal discord and take a call on Modi’s PM candidature?
Why Dhoni, Tendulkar can't distance themselves from spot fixing

Try following a game on twitter or with friends or at the ground. At every step of the way, the spot-fixing question raises itself.

Movie Review: 'The Reluctant Fundamentalist' leaves you dissatisfied

If you forget the politics and just look at the film, The Reluctant Fundamentalist doesn’t fare much better. It’s a thriller that lacks tension and suspense.
Here's how the Delhi Police stumbled upon spot-fixing in IPL

After monitoring a phone call, the investigation had virtually turned pan-India with some of the bookies based in Gujarat and Mumbai.
Ex-Citi CEO Vikram Pandit, JM Financial join hands for banking foray in India

JM Financial will nominate Pandit as the non-executive chairman of the proposed bank. Pandit and Aiyar will have the right to purchase shares up to the amount prescribed by the RBI in this entity.
Movie Review: The Great Gatsby is the most Bollywood of Baz Luhrmann's films

The great American dream is an integral part of America. It’s ‘great’ in that it symbolises not truth, but hope when the truth is disillusioning; it symbolises not facts, but ideals when facts are unnerving; it symbolises not likelihood, but promise when likelihood is all but bleak.

Google I/O 2013 keynote: New Maps, Search, Plus, and S4 with 'pure' Android

We’re tracking the Google I/O conference 2013 live – what will be unveiled?
Hero worshipped in Kerala, Sreesanth still innocent in his state

The summary of the response in his Sreesanth’s home turf is that of incredulity. They are unwilling to believe that the pacer is guilty.
Why return of Dreamliners won't change Air India's fortunes

The original promise of the Dreamliner has failed to materiallise due to limitations in its flying range. Will Air India continue to pay a price for this?
Did Indira abolish bonded labour or Sonia? NREGA's tall claims

The UPA ads eulogising MGNREGA as a a huge success needs to be taken with bags of salt. The scheme did make a difference, but not as is claimed.