Reebok scam: 7 more accused land in police net | gurgaon | Hindustan Times
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Reebok scam: 7 more accused land in police net

gurgaon Updated: Oct 13, 2012 00:36 IST
Deevakar Anand
Deevakar Anand
Hindustan Times
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The seven other accused arrested in connection with the alleged Rs. 870 crore Reebok scam on Tuesday were produced in a city court on Wednesday. They were sent into six day judicial custody at Bhondsi Jail.

The accused were arrested from Sushant Lok and were being questioned at the office of deputy commissioner of police as the police did not take them into custody.

The arrested persons include executives currently working for Reebok and former employees. They have been charged for alleged “falsification of accounts.”

The prosecution lawyer also claimed that more charges under the IPC could be pressed against them soon.

Five more accused in the case, along with sacked Reebok India MD Subhinder Singh Prem and former company COO Vishnu Bhagat, are already in judicial custody.

They have been charged for fraud, criminal conspiracy and other charges under the IPC for the alleged scam through ghost distributors across the country and forged bills over five years, causing a loss to the tune of over Rs. 870 crore to the company.

The five will be produced in the court on October 16 along with the seven persons arrested on Tuesday.

One of the accused in the case Surakshit Bhatt (31), who worked as an institutional sales manager with Reebok before being arrested, had filed his bail application last week which was to be heard by the court on Wednesday. Bhatt’s lawyer, however, sought an adjournment of the hearing, which is now slated for Saturday.

Adidas AG, of which Reebok India is a subsidiary, had filed an FIR against its MD Subhinder Singh Prem and COO, Vishnu Bhagat with the Gurgaon police on May 21.