Former MD, COO in the dock for Rs 8,700 cr Reebok scam

May 23, 2012 09:48

Reebok India has accused former managing director Subhinder Singh Prem and former chief operating officer Vishnu Bhagat of being involved in a massive Rs 8,700 crore fraud.

According to a report by CNN-IBN, Reebok has filed an FIR in this regard, alleging that the two senior officials had "stolen products, fudged accounts and indulged in fictitious sales'.

Both Prem and Bhagat were fired after details of the scam surfaced in March.

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