Ex-COO and MD of Reebok India held for Rs 870 Crore Fraud

Sep 21, 2012, 12:37 IST

Corporate/Bussiness Current Affairs September 2012. 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

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.

Jagranjosh
Jagranjosh

Education Desk

Your career begins here! At Jagranjosh.com, our vision is to enable the youth to make informed life decisions, and our mission is to create credible and actionable content that answers questions or solves problems for India’s share of Next Billion Users. As India’s leading education and career guidance platform, we connect the dots for students, guiding them through every step of their journey—from excelling in school exams, board exams, and entrance tests to securing competitive jobs and building essential skills for their profession. With our deep expertise in exams and education, along with accurate information, expert insights, and interactive tools, we bridge the gap between education and opportunity, empowering students to confidently achieve their goals.

... Read More
Get here latest daily, weekly and monthly Current Affairs and GK in English and Hindi for UPSC, SSC, Banking, Railway, Defence and exams. Download Jagran Josh Current Affairs App.

Take Weekly Tests on app for exam prep and compete with others. Download Current Affairs and GK app

AndroidIOS

Trending

Latest Education News