Enforcement Directorate books Reebok for retail sale in India
	It is a matter of grave concern that the authorities have been sleeping for the last 10 years when all the store chains were opened by Reebok India. — now a subsidiary of the German sports goods-maker Adidas.Reebok India was allowed to operate in India on the condition that it will not engage in retail sales and to meet export commitments, besides, the promising not to import goods that could be manufactured locally. The company has violated all these conditions. Moreover, the company imported most of its wares from its manufacturing units based in south-east Asia, which are reported to be of poor quality, and sold at high prices. The government should take penal action for running unauthorized retail outlets as well as breach of export commitments. Reports show that most of the multinational companies and banks have been indulging in or facilitating shadow activities ( money laundering ). We need very stringent laws to deal with erring MNCs! Dr.C.Murukadas, The Times of India, July 19,2012