The ex-COO Vishnu Bhagat and former MD Subhender Singh Prem of Reebok India along with three more executives were arrested by the Special Investigation Team (SIT) of Gurgaon on 19 September 2012. All these people are accused of doing fraud of Rs 870 Crore with the company. They were involved in selling the goods in the market via ghost representatives using forged bills and not depositing the money back on the companies account.
The duo along with other three executives namely Surakshit Bhatt, Sanjeev Mishra and Prashant was booked on the charges of different charges under IPC (Indian Penal Code) including fraud, criminal conspiracy and breach.
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