Reebok India lodges FIR against former top employees

Reebok India has lodged an FIR with the police, accusing its former managing director Subhinder Singh Prem and COO Vishnu Bhagat of orchestrating a financial fraud of Rs 8,700 crore. According to the complaint, the duo also fudged accounts and indulged in fictitious sales and had set up a "secret warehouses," causing whopping loss to the company.