Correction: Devangshu Dutta of Third Eyesight clarifies that he was not referring to Reebok in particular in his comment on channel stuffing. His comment was in reference to the industry in general.
(This story appears in the 08 June, 2012 issue of Forbes India. To visit our Archives, click here.)
No punishment in case an influencial businessman like Ponty Chadha is involved in any scam but a common man is harassed for doing nothing. Just because of politics and influence of the big MNCs..... Y such reputed person is harassed when he has not done anything.... He ran the company for Gud 17 years....Are these global auditors so dull that they couldn\'t catch the fraud for all these years....... It\'s all crap..... An outsider company is harassing an Indian beyond limit and we can\'t do anything...... Shame
on Nov 2, 2012In this corporate world the success depends on good corporate Governance.There is purposefully a weak governance both from management at Reebok India Company at unit Level and Adidas AG at Head Office Level. The Headoffice was relaxed what was going on at unit level due to materiality and Unit was mismanaging the show to earn high compensation by inflating sales and managing funda at interest rates much higher than market. Funds were arranged from Ex. Solisitor General of India. This Hight of Mismanagement. God Save..The India Corporate world an ROC and MCA who blindly Register the Companies..
on Sep 30, 2012paid article ?? yeah you can pay Forbes to write articles. I am just so amazed that Adidas shouts Scam and everyone believes it. Could it be the other way around. All about money-- and big corporate games......
on Jun 9, 2012Looks like a paid article.
on May 26, 2012Subinder Singh is a extra smart. Politician to the core. He is so fraudulent that he has shown huge sales of the company where there were no sales. And now by giving counter FIR in high court he is trying to use his journalist friends to show that he is honest person. That is all so LIE. Reebok books are all manipulated and thats what came to light when the Adidas chiefs look into it. RAJU from satyam and Subhinder from Reebok are just brothers like each other. Nothing will happen to them like this misleading readers.
on May 25, 2012This article gave me the other picture. All this while I thought that these employees had committed a cheap fraud. Also interesting is the theory of Adidas having problem with Indians. I'll think twice before buying Adidas next time.
on May 25, 2012Adidas does not even like Indians - http://www.indbound.com/blog/does-adidas-even-like-indians/
on May 24, 2012Although good information, but very very badly written - how many places it is mentioned what eventually got him in? That's when the cookie began to crumble this difference of opinion that may have done him in. People familiar with the situation say what eventually did Prem in was the high receivables on the books. ----------------------------------------------------------------------------- Get a grip !!
on May 24, 2012The larger question is what was Adidas global doing all this while when the alleged irregularity happened. What about the auditors who allowed such irregularity to happen and are pointing fingers at Shubinder now? Something does not appear to add up in the whole story being bandied about by Adidas Reebok combine now. Clearly there is more to truth than the oversimplistic posturing by Adidas. Adidas HQ has a lot to answer in this case and it is quite strange it is pretending to do otherwise. Impossible is nothing.
on May 23, 2012This is a classic case of MNC\'s doing spring cleaning and tarnishing Indian executive reputations. Adidas has a history, it tried the same thing with Tarun Kunzru, some 8 years back, see this link- http://www.financialexpress.com/news/adidas-its-3-thatve-got-the-boot/101620/
on May 22, 2012