Reebok Face Off – Needs Background Verification

When Cadbury chocolates were found not suitable for eating, Cadbury recalled their product on an urgent note and discarded the entire lot. They restocked the market with chocolates having improved packaging.

What if our employees show their rotten behavior and do a fraud of Rs 870 crore only?

I am certainly talking about the recent fraud in the operations of Reebok India. On account of systemic “mismanagement” in the business planning and running of the company, Reebok India was let down by few of its officials and employees.

Of course, the quality of the Reebok product was not questioned, but the integrity of employees was. With the inflated bills and incorrect accounts, former Managing Director Subhinder Singh Prem and Chief Operating Officer Vishnu Bhagat along with few others, indulged into a major conspiracy.

Shocked by the designation of the culprits? Well, that’s the hard truth!

Had it been a product, Reebok might have done what Cadbury did. But with goodwill at stake, and with their core assets, their employees at fault, can they call back the time and goodwill, which they have earned till date?

Stringent steps need to be taken to curb the ongoing corporate frauds and the answer to all the corporate frauds is – a rigorous and inflexible background verification followed by continuous auditing and due diligence. Reebok India is just a wake-up call for all the corporates to realize the dire need of background verification at this hour.

People who can fake their salary slips or educational certificates to gain employment, will do the same later on at a bigger stage and for a higher stake. To check such potential candidates from joining your organization, let’s come hand in hand with the background verification agencies. Going few steps backward to move with assured steps forward, background verification agencies provide a straightforward and indispensable solution.

Image courtesy:: http://articles.economictimes.indiatimes.com/2012-11-06/news/34946266_1_subhinder-singh-singh-prem-vishnu-bhagat