Vivo India gets $58 million seized after a massive money laundering probe

08 July 2022
The company funneled nearly $8 billion to China to avoid paying taxes.

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  • G
  • Gareeb
  • KSi
  • 02 Aug 2022

.alpha, 11 Jul 2022This is press release from the Enforcement Directorate, not... moreNo, its directors fled to China as soon as the probe begun. Fraud Chinese

    • T
    • Tafar Kandinsky
    • Jb$
    • 16 Jul 2022

    Vivo has an interesting way to market their name. SHAME.

      • .
      • .alpha
      • q2$
      • 11 Jul 2022

      This is press release from the Enforcement Directorate, not an actual news article. Actual news article would mention Vivo is challenging the description of events and deny any wrong doing.

        lmao great scheme!

          • ?
          • Anonymous
          • X}L
          • 10 Jul 2022

          bbk should be banned in india, the government must place strict rules to ensure no brand repeats such stunt

            • X
            • XYZ
            • 39y
            • 10 Jul 2022

            Wow huge news.

              • ?
              • Anonymous
              • vbD
              • 09 Jul 2022

              Anonymous, 09 Jul 2022The real thief is the governmentAnd how do you know. Do you have anything to prove your statement.

                • ?
                • Anonymous
                • fCC
                • 09 Jul 2022

                I bat the chinese brand has landed itself in a soup with the tax evasion thing

                  • R
                  • Rk
                  • gNT
                  • 09 Jul 2022

                  Lancewood, 08 Jul 2022First it was Xiaomi and now Vivo. I dont think it's th... moreNobody is asking for charity. They are fraud that's it

                    • b
                    • blue
                    • 0CN
                    • 09 Jul 2022

                    LOLZ, 09 Jul 2022LOLZ they let Vivo send tons of money and suddenly they wak... moreGo ahead and show them how to do it before the fraud happens!

                      • L
                      • LOLZ
                      • 2mA
                      • 09 Jul 2022

                      LOLZ they let Vivo send tons of money and suddenly they wake up take away less than 1 %. while if they caught Vivo 1st hand almost 40% would be charged for Taxes. So its all a part of a plan.

                        • ?
                        • Anonymous
                        • fCZ
                        • 09 Jul 2022

                        [deleted post]👍🏻

                          • ?
                          • Anonymous
                          • 7tT
                          • 09 Jul 2022

                          aknsreddy, 08 Jul 2022Thieves ran away from country. Government should ban Vivo a... moreThe real thief is the government

                            Anonymous, 08 Jul 2022no evidence? even now every oppo, vivo, xiaomi, and chin... moreOne Plus, Vivo, Oppo, and Realme belong to the same company, BBK.

                              Kev, 08 Jul 2022This was my first reaction too; it's a bit bizarre, an... moreIf Vivo is found guilty, then BBK is done in India.

                                • ?
                                • Anonymous
                                • Dka
                                • 09 Jul 2022

                                IpsDisplay, 08 Jul 2022Tax collection is only relevent if the governments in place... morebefore commenting on india's administration, kindly check on the fact that india is largest democracy and to manage such large population, you need seriously perfect management which india has

                                  • ?
                                  • Anonymous
                                  • NUw
                                  • 09 Jul 2022

                                  Excellent job India!! These chiiinnnesee companies need a oversight all the time

                                    [deleted post]The BS goes in both ways, that's how politics work.

                                      • K
                                      • K
                                      • rJh
                                      • 09 Jul 2022

                                      blue, 08 Jul 2022You read it wrong. The sum was seized by India. If the fra... moreTrue.

                                        • T
                                        • True Media Patron
                                        • YQ}
                                        • 09 Jul 2022

                                        Ezekiel , 08 Jul 2022Thank God we don't have people like you running the na... moreWith all due respect...... It's not just an allegations Mr or Ms..... In USA apple phone share is so high but that's not the case in India..... Majority of the share is hold by Android phones ( in that Samsung hold just 25% reset of the share is completely taken by Chinese companies like BBK electrics and Xiaomi)

                                        It's not LIKE in USA OR Europe..... Indian market is sooo big multi price spectrum and all of its sales are loot by Chinese companies BBK electronics and Xiaomi....!.

                                        They are just flooding market with tons of rebrand or renamed Phones with same spec but in different model names and each model is sold more than millions and millions of units........ " Still they are saying there is no profit... Only losses"

                                        (Do you think everyone is an Idiot)
                                        Or due you really think all of Huawei Legal team members and advicers are Idiots

                                        If they don't have any evidence then How Huawei got banned but the same time Xiaomi's ban got lifted by court in USA.
                                        (please Don't try to explain Chinese gov shares pattern in Huawei company)
                                        Again
                                        Then How you explain Huawei got out of business in India in there 4G and 5G telecom equipment distribution business... (way before India China conflict)....... Because they caught red handed in India....... They collected or looted so many potential users datas from (India Government owned Telecom Company) "Bsnl".

                                        If you are a person from corporate financial sectors..... You will definitely understand the technical terms like "shell companies" copyright, patent fees off shore Accounts etc.... "And its importance in doing business
                                        (and how each companies utilise this in there own ways to evade tax)

                                        Unlike China......... We are from democratic country here we have robust legal system.... Here very thing can be challenged in court and they can prove their innocence.

                                        Maybe You are against with Government political parties it's OK...... But for that do be anti Nationals.