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Amount of Reebok fraud appears inflated: SFIO
An initial probe by the Serious Fraud Investigation Office (SFIO), the investigative arm of the Ministry of Corporate Affairs, into the Reebok India scam suggested the amount of Rs 870 crore as alleged by the company’s German parent, appeared “exaggerated”.
“We have started investigation and from the initial inquiry, it looks like the amount of fraud, as quoted by the company,
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