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Gurgaon court denies bail to former Reebok India MD, COO

Eight of the 11 accused in the alleged financial irregularities at Reebok have been granted bail since November end.
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First Published: Fri, Dec 21 2012. 06 39 PM IST
Last month, Gurgaon police had filed charges booking the total loss incurred by Reebok India on account of the alleged financial irregularities at `11.3 crore, less than the `870 crore mentioned in a 21 May first information report. Photo:Ramesh Pathania/Mint
Last month, Gurgaon police had filed charges booking the total loss incurred by Reebok India on account of the alleged financial irregularities at Rs.11.3 crore, less than the Rs.870 crore mentioned in a 21 May first information report. Photo:Ramesh Pathania/Mint
Updated: Sat, Dec 22 2012. 12 06 AM IST
New Delhi: The bail applications of Subhinder Singh Prem, former managing director, Reebok India, and Vishnu Bhagat, former chief operating officer of the company, were rejected by a district court in Gurgaon on Friday, said Praveen Agarwal, the lawyer representing both.
The judicial custody of Prem, Bhagat and Sanjeev Mishra, the three remaining suspects in Gurgaon police custody, has been extended until 4 January, Agarwal said.
Eight of the 11 accused in the alleged financial irregularities at Reebok have been granted bail since November end.
Last month, Gurgaon police had filed charges booking the total loss incurred by Reebok India on account of the alleged financial irregularities at Rs.11.3 crore, less than the Rs.870 crore mentioned in a 21 May first information report (FIR), Mint has reported.
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First Published: Fri, Dec 21 2012. 06 39 PM IST
More Topics: Reebok | bail | fraud | gurgaon court | Reebok India |
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