Authorities raid Adidas headquarters amid tax and customs investigation
Authorities conducted a raid at Adidas AG’s headquarters in Herzogenaurach, Germany, on Tuesday as part of an ongoing investigation into potential breaches of tax and customs regulations. The probe spans a five-year period starting in October 2019 and focuses on the importation of products into Germany.
Adidas Headquarters Raids Continue in Tax Investigation
Adidas AG faced a second consecutive day of raids by criminal prosecutors and customs investigators, intensifying a years-long tax investigation into the German sports brand.
Adidas headquarters raided in years-long tax investigation
The probe is looking at a five-year period starting in October 2019 and pertains to customs and tax regulations for products imported into Germany, an Adidas representative said in a statement.
German authorities raid adidas HQ amid years-long tax probe
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Adidas headquarters raided for second day in €1bn tax evasion probe
Criminal prosecutors and customs investigators raided Adidas’s headquarters in Germany for a second consecutive day on Wednesday, an escalation of a multiyear probe into suspected tax evasion by the sports brand potentially worth more than €1.
Adidas Confirms Raid of German Locations in Connection With Investigation on Imports
The sportswear maker said some of its locations in Germany were searched in connection with an investigation into customs and tax-import compliance.
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