{"id":74091,"date":"2024-06-16T08:50:09","date_gmt":"2024-06-16T08:50:09","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/16\/adidas-begins-probe-into-its-china-unit-after-large-scale-bribery-charge-times-of-india\/"},"modified":"2024-06-16T08:50:09","modified_gmt":"2024-06-16T08:50:09","slug":"adidas-begins-probe-into-its-china-unit-after-large-scale-bribery-charge-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/06\/16\/adidas-begins-probe-into-its-china-unit-after-large-scale-bribery-charge-times-of-india\/","title":{"rendered":"Adidas begins probe into its China unit after &#8216;large-scale bribery&#8217; charge &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" src=\"https:\/\/i3.wp.com\/static.toiimg.com\/photo\/msid-111034881,imgsize-110326.cms?resize=1200,900&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Adidas begins probe into its China unit after &#8216;large-scale bribery&#8217; charge &#8211; Times of India\" title=\"Adidas begins probe into its China unit after &#8216;large-scale bribery&#8217; charge &#8211; Times of India\" \/><\/div>\n<div>German sports brand <!-- -->Adidas<!-- --> has began a probe into the large-scale bribery charge linked to its <!-- -->Chinese employees<!-- -->.<br \/>The company initiated a probe after it received a <!-- -->whistleblower complaint<!-- -->, accusing senior staff of its China unit of embezzling &#8220;<!-- -->millions of euros<!-- -->&#8220;, reported news agency Reuters citing a <!-- -->Financial Times<!-- --> report.<br \/>In an <!-- -->anonymous letter<!-- -->, which surfaced from &#8220;employees of Adidas China,&#8221; several Chinese Adidas employees, including a senior manager involved in the <!-- -->marketing budget<!-- --> were named.<!-- -->According to the document, the marketing budget for Adidas in China is 250 million euros ($267.5 million) annually, the FT reported.<br \/>According to the FT, the letter alleged that Adidas staff received kickbacks from external service providers who were commissioned by the company that include &#8220;millions in cash from suppliers, and physical items such as real estate&#8221;.<br \/>Soon after the reports of its probe came to the public, the company issued a statement saying, &#8220;We received an anonymous letter indicating potential compliance violations in China. Adidas is currently intensively investigating this matter together with external legal counsel&#8221;.<br \/>Company insiders quoted by the paper said the letter did not provide evidence for the allegations but appeared well-informed about confidential internal issues.<br \/><span class=\"em \">(With Reuters inputs)<\/span><\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n        t.src = v;\n        s = b.getElementsByTagName(e)[0];\n        s.parentNode.insertBefore(t, s);\n    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the large-scale bribery charge linked to its Chinese employees.The company initiated a probe after it received a whistleblower complaint, accusing senior staff of its China unit of embezzling &#8220;millions of euros&#8220;, reported news agency Reuters citing a Financial Times report.In an anonymous letter, which surfaced from 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