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
Julius Mwale Throws Contractor Under the Bus in Court Amid Mounting Pressure From Indebted Partners
US Govt Audits Cases Of Somali US Citizens For Potential Denaturalization
Billions Stolen, Millions Laundered: How Minnesota’s COVID Fraud Exposed Cracks in Somali Remittance Networks
MAINGA CLINGS TO POWER: Kenya Railways Boss Defies Tenure Expiry Amid Corruption Storm and Court Battles
US Moves to Seize Luxury Kenya Properties in Sh39 Billion Covid Fraud Scandal
Manager Flees Safaricom-Linked Sacco As Fears Of Investors Losing Savings Becomes Imminent
Rwanda Closes Thousands of Evangelical Churches
Woman Accused in High Defamation Blames AI As Case Exposes How Mombasa Billionaire Mohamed Jaffer Allegedly Sponsored Smear Campaign Linking Joho’s Family To Drug Trafficking
Fears of Fallout As ODM Gives Ruto Fresh Demands For 2027 Support
It’s a Carbon Trading Firm: What Kenyans Need to Know About Spiro’s Business Model Amid Damning Allegations of Predatory Lending
‘They’re Criminals,’ Popular Radio Presenter Rapcha The Sayantist Accuses Electric Bike Firm Spiro of Fraudulent Practices
It’s a Carbon Trading Firm: What Kenyans Need to Know About Spiro’s Business Model Amid Damning Allegations of Predatory Lending
Manager Flees Safaricom-Linked Sacco As Fears Of Investors Losing Savings Becomes Imminent
Woman Accused in High Defamation Blames AI As Case Exposes How Mombasa Billionaire Mohamed Jaffer Allegedly Sponsored Smear Campaign Linking Joho’s Family To Drug Trafficking
Disgraced Kuscco Boss Arnold Munene Moves To Gag Media After Expose Linking Him To Alleged Sh1.7 Billion Fraud
How Land Grabbing Cartels Have Captured Ardhi House
Disgraced Oil Trader Idris Taha Sneaks Into Juba as Empire Crumbles
From Daily Bribes to Billions Frozen: The Jambopay Empire Crumbles as CEO Danson Muchemi’s Scandal-Plagued Past Catches Up
Temporary Reprieve As Mohamed Jaffer Wins Mombasa Land Compensation Despite Losing LPG Monopoly and Bitter Fallout With Johos
Fraud: How Sh235 Million Donor Cash For Nyamira Residents Was Embezzled Through Equity Bank Under Governor Nyaribo’s Watch
-
Business2 weeks ago‘They’re Criminals,’ Popular Radio Presenter Rapcha The Sayantist Accuses Electric Bike Firm Spiro of Fraudulent Practices
-
Business1 week agoIt’s a Carbon Trading Firm: What Kenyans Need to Know About Spiro’s Business Model Amid Damning Allegations of Predatory Lending
-
Business1 week agoManager Flees Safaricom-Linked Sacco As Fears Of Investors Losing Savings Becomes Imminent
-
News1 week agoWoman Accused in High Defamation Blames AI As Case Exposes How Mombasa Billionaire Mohamed Jaffer Allegedly Sponsored Smear Campaign Linking Joho’s Family To Drug Trafficking
-
Investigations2 weeks agoDisgraced Kuscco Boss Arnold Munene Moves To Gag Media After Expose Linking Him To Alleged Sh1.7 Billion Fraud
-
Africa2 weeks agoDisgraced Oil Trader Idris Taha Sneaks Into Juba as Empire Crumbles
-
Investigations2 weeks agoFraud: How Sh235 Million Donor Cash For Nyamira Residents Was Embezzled Through Equity Bank Under Governor Nyaribo’s Watch
-
Investigations1 week agoIntelligence Report Links Budding Politician James Mabele Magio To International Scammers Ring