Adidas has launched an investigation into allegations of large-scale bribery involving senior staff in China. The investigation follows a whistleblower complaint received on June 7, which accused senior managers of embezzling millions of euros, nepotism, and bullying. The allegations include claims that a second senior manager received kickbacks from external providers, including millions in cash and physical items such as real estate. Adidas shares fell 4% on Monday following the news of the investigation. The Financial Times reported that the investigation spans three continents and was revealed on June 16.