Reebok India alleges Rs 8,700 cr fraud by former MD, COO

May 23, 2012

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New Delhi: In what could the second biggest corporate scandal after Satyam, Reebok India has alleged a Rs 8,700 crore fraud by its former Managing Director Subhinder Singh Prem and former Chief Operating Officer Vishnu Bhagat.

Reebok lodged an FIR with the Gurgaon police alleging that Prem and Bhagat had 'stolen' products by setting up 'secret warehouses', fudged accounts and indulged in fictitious sales to cause a multi-crore dent to the company.

When the alleged scam came to light in March 2012, Singh, who had been made the Managing Director of Adidas India in 2011 as a part of an integration of the businesses of both Adidas and Reebok brands, was dismissed from the company. Bhagat's services were terminated too.

The company's financial director, Shahim Padath, later lodged a formal complaint against the duo.

The economic cell of Gurgaon police conducted a probe and found that Singh and Bhagat had allegedly rented four warehouses without informing their seniors and used them to store goods and claimed they were supplied to genuine dealers.

They also allegedly siphoned off goods to ghost companies and distributors across the country, claiming they were defective pieces.




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Agencies
February 11,2020

Mumbai, Feb 11: A 65-year-old woman was allegedly killed by her husband over debt and illness in suburban Powai here, police said on Tuesday.

The incident came to light when Sheela Ajit Lad was found dead by her neighbours at Sukh Shanti Co-operative Society at around 9.30 pm on Monday, an official said.

The victim was allegedly killed by her husband Ajit Lad, who hit her on the head with a heavy object, slit her wrists and strangled her to death, he said.

The accused absconded at around 7.30 pm, leaving a note at the crime scene, saying he was going to commit suicide and had killed his wife because he was heavily in debt and she was suffering from an ailment, the official said.

The childless couple lived alone in the apartment, he added.

"On the basis of the note, we have registered a case of murder against Ajit Lad and have launched a manhunt for him. We have not traced him or found his body as he had mentioned suicide in the note," deputy commissioner of police (DCP) Zone X Ankit Goyal said.

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News Network
June 30,2020

Visakhapatnam, Jun 30: Two people were killed and four others were taken ill after benzene gas leaked at a pharmaceutical company at Parawada near here early on Tuesday morning, official sources said.

The situation was now under control as the leak was restricted to one unit in the Sainor Life Sciences company, the sources said.

The two killed were senior employees of the company, they said.

The injured persons have been admitted to a hospital in Gajuwaka, with one of them being put on ventilator support, the sources added.

District Collector V Vinay Chand and Police Commissioner R K Meena visited the company to take stock of the situation.

The cause of the leak that took place in a reactor unit at the plant is yet to be established.

The incident comes nearly two months after 11 people were killed and over 1000 taken ill after gas leak at a chemical plant here.

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News Network
July 15,2020

Mumbai, Jul 15: A domestic row between a couple spilled onto road when a woman stopped her husbands car and climbed on its bonnet, briefly disrupting traffic on the busy Pedder Road in South Mumbai, police said on Wednesday.

The incident, which took place on Saturday evening, was recorded by some passersby on their mobile phones and its videos are making rounds on social media.

The wife chased the husband's SUV (sports utility vehicle) in her car after she spotted another woman seated next to him in his vehicle.

As her husband's SUV stopped at the Pedder Road signal, the wife get down from her car, rushed towards his four-wheeler and started shouting at him, a police official said.

In the video, the woman is seen climbing the bonnet of the SUV, removing her footwear and hitting the vehicle's windshield with it. She is also seen asking the husband's co- passenger to get out of the SUV and shouting for police help.

As she stopped her car in the middle of the busy road, one lane got blocked for some time and the traffic police personnel present there tried to ensure movement of other vehicles, the official said.

After sometime, the traffic police asked the couple to take their cars near the footpath.

By that time, the husband stepped out of his SUV, following which the wife ran towards him and caught him. She even kicked him a couple of times and took him to her car, the video shows.

She then again ran towards her husband's SUV, which was parked a few metres away. She opened its driver-side door and lunged at the woman seated in the vehicle, but was stopped by some people who had gathered at the spot, the police official said.

Later, the couple and their cars were taken to Gamdevi police station, where the wife refused to lodge a complaint against her husband.

A fine was imposed on her for traffic rules violation and abandoning her car in the middle of the road, which caused disruption of vehicular movement, the official said.

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