new delhi agencies probing the alleged rs 870 crore corporate fraud in the operation of reebok india have detected a systemic mismanagement in the business planning and running of the company reportedly done by some of its officials and employees three different agencies the it department under finance ministry the serious fraud investigation office sfio under corporate affairs ministry and the economic offences wing of gurgaon police have recorded the findings almost four months after a criminal case was filed by reebok india against two of its former employees the governance and operations in the company were mismanaged the bills were inflated and not recorded correctly so the probe clearly indicates that it was not a corporate scam in the apparel manufacturing firm but it was nonadherence to the rules and guidelines of business procedures in the firm sources privy to the probe said the guidelines under the companies act were violated which is suspected to have led to other contraventions like tax evasion they said the it which has indicated to an alleged rs 140 crore tax evasion in the case the sources said will now work to ensure that the company later does not claim any bad debt a bad debt is that amount that is owed to a business or individual and has to be written off by the creditor as a loss because the debt cannot be collected because of a host of reasons there were no serious borrowings or lendings of reebok india the probe agencies investigation will make sure that the firm does not qualify to claim bad debt from anywhere in the later course they said