June 16 (Reuters) - Adidas has launched an
investigation into allegations of large-scale bribery in China
after the company received a whistleblower complaint that
accused senior staff of embezzling "millions of euros", the
Financial Times reported on Sunday.
The anonymous letter, which claims to have been written by
"employees of Adidas China", names several Chinese Adidas
employees including a senior manager involved with the marketing
budget in the country, which the document said stood at 250
million euros ($267.5 million) a year, the FT reported.
Adidas confirmed that it had received an anonymous letter on
June 7 indicating potential compliance violations in China. The
German sportswear company said it was investigating this matter
together with external legal counsel.
"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".
China sales of the German sportswear giant grew by 8% in the
first-quarter, the company reported earlier.
($1 = 0.9346 euros)