Oppo India also accused of tax evasion 

Last week vivo got in trouble with Indian authorities, which seized USD58 million in assets after a money laundering probe. Now Oppo is in the hot seat as local authorities are seeking USD551 million (INR 44 billion) for allegedly evading custom duties.

This was done in two ways. First, the company is accused of "willful misdeclaration" of imported tools and components that it used to build phones. Second, it did not include various licensing fees into the price of imported goods, fees that were sent abroad.

The local anti-smuggling agency found evidence after searching Oppo's offices in the country and questioning the leaders of the local branch. Oppo's senior management has acknowledged the issue and has made a pre-payment of INR 4.5 billion, reports Reuters.

Source

( Details and picture courtesy Source , the content is auto-generated from the RSS feed.)

Join our official telegram channel for free latest updates and follow us on Google News here.