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Published 1 month ago

Adidas investigates bribery allegations in China, FT says

  • Adidas is investigating alleged large-scale bribery in China following a whistleblower complaint accusing senior staff of embezzling millions of euros.
  • The anonymous letter, purportedly from "employees of Adidas China," implicates Chinese employees, including a senior manager overseeing a €250m marketing budget.
  • Adidas confirmed receiving the anonymous compliance violation report on June 7 and is working with external legal counsel to investigate the matter.
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