Adidas HQ raided in tax evasion investigation

Adidas’ German headquarters were raided by criminal prosecutors and customs investigators this week as part of a multi-year investigation into suspected tax evasion by the sports brand worth more than £906m (€1.1bn).
The European Public Prosecutor’s Office (EPPO) said on Wednesday that it was pursuing a “criminal investigation” against a German “corporate group trading in sportswear” over “suspicions of tax evasion relating to customs duties a