Adidas has launched an investigation into allegations of corruption at Adidas China. Local senior management is accused of large-scale bribery.
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The company launched an investigation after receiving an anonymous letter alleging that Adidas China employees, including the country’s marketing head, received bribes from third-party service providers, the Financial Times reported.
Additionally, workers are accused of receiving “millions in cash” and gifts such as real estate. It is mentioned that Adidas’ marketing budget in China is 250 million euros per year.
The German sportswear giant “takes the allegations very seriously” and is conducting a review with outside legal counsel. The company does not plan to release additional information until the investigation is complete.
The newspaper’s sources said none of the accused employees were placed on leave and the letter’s authors did not provide hard evidence of the corruption allegations. At the same time, according to the publication’s interlocutors, prosecutors are well aware of confidential issues.
Author:
Akhmed Sadulayev
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
