News
Adidas Headquarters Raided In Years-Long Tax Investigation, Company Says
Authorities raided Adidas AG headquarters in Germany as part of a years-long tax investigation, a spokesperson from the company said on Tuesday.
Adidas said in a statement it has been in contact with customs authorities for several years about the matter and is providing them with documents and information.
The raid was first reported by Germany’s Manager Magazine.
The investigation covers the period from October 2019 to August 2024 and is related to compliance with customs and tax regulations regarding the import of products into Germany, the company said, adding it was cooperating with authorities.
The company said it continues to work closely with customs authorities to clarify questions that have also arisen due to different interpretations of German and European law.
“The company does not expect a significant financial impact in connection with the investigation,” Adidas said in a statement.
Kenya Insights allows guest blogging, if you want to be published on Kenya’s most authoritative and accurate blog, have an expose, news TIPS, story angles, human interest stories, drop us an email on [email protected] or via Telegram
CATASTROPHIC SECURITY BREACH: 4.8 MILLION KENYANS’ PRIVATE MEDICAL RECORDS PLUNDERED IN MASSIVE SAFARICOM-BACKED M-TIBA CYBERATTACK
Customer Claims Internal Link in Safaricom Heist
Raila Was Aware His Time Was Coming To An End Nearly A Year Before His Death, Longtime Aide Reveals
Counties Turn Into Cash Cows: Senators Uncover Sh100 Million Loan Scam by Former Governors
GOLD RUSH SCANDAL: Kenya’s Sh8 Billion Export Bonanza Masks Massive Smuggling Network Feeding Dubai’s Refineries
Oburu Calms Babu Owino’s Growing Panic Over ODM Nairobi Ticket
RUTO’S ORDER IGNORED: Huduma Centres Still Charging Kenyans Sh1,000 for ID Replacement
The US Hand Revealed in The Sh8.2 Billion Drug Bust in Mombasa
Rironi–Nakuru–Mau Summit Road To Be Completed By 2027-Ruto
From His Gravesite, Raila Continues To Influence The Kenyan Politics
Plane Carrying Raila Odinga Becomes World’s Most Tracked Flight as Kenya Airways Honors Him With Special Call Sign ‘RAO001’
Safaricom’s Sh115 Trillion Data Breach Scandal: How Kenya’s Telecom Giant Sold Out 11.5 Million Customers
VISA CARTEL EXPOSED: Community Leaders Demand Immediate Arrests as Immigration Boss Allegedly Boasts of Weekly Political Kickbacks
A Pattern Emerges: How Somali-Led Cartels Are Fueling Kenya’s Real Estate Boom With American Fraud Money
EXPOSED: The Visa Cartel Bleeding Kenyans Dry – How Immigration Boss Turned Government Office Into Personal Cash Cow
Former Nairobi CEC Newton Munene Found Dead as Sonko Alleges Cartel Involvement
DEATH TRAPS IN THE SKY: Inside the Sordid World of West Rift Aviation’s Deadly Corruption Cartel
Billionaire: Inside Raila Odinga’s Vast Wealth
I Used To Sleep Hungry, But Today I Employ The Same People Who Once Laughed At My Poverty
Lea Maize Flour Producer Admits to Adding Chemicals to Make Ugali ‘Balloon’ as Experts Issue Warnings
-
News2 weeks agoPlane Carrying Raila Odinga Becomes World’s Most Tracked Flight as Kenya Airways Honors Him With Special Call Sign ‘RAO001’
-
Business1 week agoSafaricom’s Sh115 Trillion Data Breach Scandal: How Kenya’s Telecom Giant Sold Out 11.5 Million Customers
-
Investigations1 day agoVISA CARTEL EXPOSED: Community Leaders Demand Immediate Arrests as Immigration Boss Allegedly Boasts of Weekly Political Kickbacks
-
Investigations2 days agoEXPOSED: The Visa Cartel Bleeding Kenyans Dry – How Immigration Boss Turned Government Office Into Personal Cash Cow
-
Investigations5 days agoDEATH TRAPS IN THE SKY: Inside the Sordid World of West Rift Aviation’s Deadly Corruption Cartel
-
Business2 weeks agoBillionaire: Inside Raila Odinga’s Vast Wealth
-
News2 weeks agoI Used To Sleep Hungry, But Today I Employ The Same People Who Once Laughed At My Poverty
-
News2 weeks agoMaurice Ogeta, Raila’s Bodyguard: The Shadow Who Became The Story