ADDYY - Adidas Bribery Allegations Lead To Staff Exits In China | Benzinga
Adidas AG (OTC:ADDYY) has recently experienced significant internal turmoil. Two of its employees in China departed amid an ongoing corruption investigation within the company.
The inquiry began after Adidas received an anonymous letter on June 7 alleging misconduct and compliance violations by certain staff members in its China operations.
The probe quickly identified one employee who breached the company's conduct code in dealings with local vendors, according to Bloomberg. This led to their departure.
Another employee was found to have fallen short of Adidas's ...