Rs.870 Crore Fraud Reebok ex-MD, COO 5 arrested

Rs.870 Crore Fraud Reebok ex-MD, COO 5 arrested

The two were accused of selling goods and not depositing the recovered money in the company account.

on Wednesday evening special investigation team (SIT) of Gurgaon Police
arrested Five top executives of Reebok India, including two sacked executives, who have allegedly caused losses of Rs 870 crore to the company.

FIR was lodged against Prem and Bhagat, for forgery, cheating, criminal conspiracy and criminal breach of trust on the recommendation of the police's economic offences wing (EOW).

Following are the names of 5 people who are arrested by Police

1)  
Reebok's former MD Subhender Singh Prem

2)  
COO Vishnu Bhagat

3)  
Surakshit Bhatt

4)  
Sanjeev Mishra

5)  
Prashant Bhatnagar

Suggested Reading –

Reebok ex-MD, COO arrested in Rs 870cr fraud case



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Thursday, September 20, 2012

Tags – Reebok Fraud Crime