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 €1.1bn.
The Luxembourg-based European Public Prosecutor’s Office 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 and import sales tax”.
It added that the potential offences happened in Germany and Austria and were “to the detriment of the EU budget”.
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