Adidas has launched an investigation into allegations of “compliance violations” in China after receiving an anonymous letter earlier this month accusing local executives of embezzling millions of euros.
FILE - In this file photo dated May 7, 2009 the company’s logo is pictured on shopping bags in the Adidas outlet store in Herzogenaurach, southern Germany. Adidas has launched an investigation into allegations of “compliance violations” in China after receiving an anonymous letter earlier this month accusing local executives of embezzling millions of euros, according to news media reports.
The shoe and sportwear maker said it was investigating the matter together with external legal counsel, the news outlets reported.
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