Adidas investigates bribery allegations in China

"Adidas takes allegations of possible compliance violations very seriously and is clearly committed to complying with legal and internal regulations and ethical standards in all markets where we operate," it said in a statement issued in response to a Reuters query. Adidas said it could not provide further information until the investigation was completed. According to the FT, the letter alleges that Adidas staff received kickbacks from external service providers who were commissioned by the company that include "millions in cash from suppliers, and physical items such as real estate".

from International-News-Economic Times https://ift.tt/YpG87vV

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