Press Information Bureau

Government of India

Ministry of Corporate Affairs

06-September-2012 17:04 IST

Fraud in Reebok India

The Ministry has not received any specific complaint regarding fraud in Reebok India Company (a company with Unlimited Liability). However, on the basis of media reports, this Ministry has ordered investigation into the affairs of M/s Reebok India under section 235 of the Companies Act, 1956, on 29-05-2012, which is being conducted by the serious Fraud Investigation Office of this Ministry.

This information was given by Minister of State for Corporate Affairs Shri R.P.N. Singh in reply to a written question in the Lok Sabha today.

ST

Investigation under company law ordered into alleged corporate fraud; probe initiated by the government's specialist fraud unit. Investigation was ordered into alleged corporate fraud at Reebok India under section 235 of the Companies Act, 1956 after media reports indicated possible irregularities; no specific complaint had been received and the inquiry is being conducted by the government's specialist fraud investigation unit following a ministerial statement in response to a parliamentary question.