Adidas investigates bribery allegations in China, FT says

Adidas shares fall on investigation into China corruption allegation

(Reuters) – Adidas shares dropped 4% on Monday after the German sportswear brand said it was investigating allegations of corruption in China after receiving an anonymous letter. “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. Adidas shares were down 4% at 216 eur…

Adidas opens probe after receiving anonymous letter alleging corruption in China

The anonymous letter appeared on the Chinese social media platform Xiaohongshu.

Adidas Launches China Investigation After Anonymous Letter

Adidas AG is investigating allegations of corruption in China after receiving an anonymous letter exposing potential compliance violations by some employees.

Adidas Faces Bribery Allegations In China, Launches Investigation: Report - adidas (OTC:ADDYY)

Adidas AG (OTC:ADDYY) has reportedly initiated an internal probe into serious bribery allegations in its China operations following a whistleblower’s claims, which detailed misconduct involving high-ranking officials within the company. The accusations came to light through a whistleblower letter reportedly penned by Adidas China employees, which surfaced this June on Xiaohongshu, a popular Chinese social media platform, reported Financial Times…

Adidas investigating corruption allegations in China: FT

BEIJING, China — German sportswear giant Adidas has launched an investigation into alleged large-scale bribery in China after senior employees were accused of embezzling millions of dollars, the Financial Times reported Sunday. A letter, allegedly written by “employees of Adidas China”, accused several Chinese employees by name, the paper reported. Those accused included one of

Adidas investigates bribery allegations in China, Financial Times says

Probe launched after company received a whistleblower complaint that accused senior staff of embezzling ‘millions of euros,’ the newspaper reported