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CNBC-TV18 INDIA BUSINESS HOUR REEBOK INDIA: NEXT BIG SCAM?

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Published on May 23, 2012

REEBOK INDIA HAS FILED AN FIR AGAINST THE COMPANY'S FORMER MANAGING DIRECTOR SHUBINDER SINGH AND CHIEF OPERATING OFFICER VISHNU BHAGAT FOR MANIPULATING ITS BOOKS OF ACCOUNTS. IF PROVEN THE LATEST CORPORATE SCAM COULD BE THE SECOND BIGGEST AFTER THE INFAMOUS SATYAM SCAM OF JANUARY 2009. POST THE FIR, THE MINISTRY OF CORPORATE AFFAIRS HAS ORDERED A PROBE BY THE REGISTRAR OF COMPANIES INTO THE ALLEGED SCAM. MALVIKA JAIN AND RONOJOY BANERJEE REPORT THIS STORY

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