Wednesday, July 24, 2024

TOPIC

Vivo Mobile

3 top Vivo executives, including interim CEO Hong Xuquan, arrested by Enforcement Directorate for money laundering

ED's probe unearthed that Vivo India had remitted nearly Rs 62476 crore to China, constituting almost 50% of its turnover, ostensibly to avoid taxes in India.

Four, including a Chinese national, linked with Chinese mobile company Vivo, arrested by ED in money laundering case

ED had revealed that smartphone maker Vivo "illegally" sent Rs 62,476 crore to China in order to avoid paying taxes on that money in India

Directorate of Revenue Intelligence detects Rs 2,217 crore customs duty evasion by Vivo Mobile India, had earlier found tax evasion by Oppo

During raids at manufacturing plants of Vivo Mobile India, DRI detected tax evasion of Rs 2,217 crore

Vivo illegally transferred Rs 62,476 crores to China to avoid paying taxes in India, says Enforcement Directorate

Enforcement Directorate (ED) said that smartphone maker Vivo "illegally" sent Rs 62,476 crore to China in order to avoid paying taxes on that money in India.

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