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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  • ?
  • Anonymous
  • fCC
  • 08 Jul 2022

This is such a blatant tax evasion trick from Vivo, what were they even thinking lol. Whether soon or later, they were bound to be caught

    • ?
    • Anonymous
    • Kx7
    • 08 Jul 2022

    after Xiaomi now BBK
    waiting list apple+samsung 🤣

      • ?
      • Anonymous
      • U@y
      • 08 Jul 2022

      I wish other countries tax department work this greatly.

        • F
        • Frank
        • 6uf
        • 08 Jul 2022

        MRSTEK, 08 Jul 2022I smell politics Politics is also there but mainly I think tax evasion🤷

          • N
          • Nick
          • 7k3
          • 08 Jul 2022

          Chinese companies are always like this... Stealing stealing and stealing...

            • ?
            • Anonymous
            • RME
            • 08 Jul 2022

            Definitely not political amirite boys

              • T
              • The Albion
              • pJb
              • 08 Jul 2022

              Anonymous, 08 Jul 2022do not redeem nooo stop stop this sir i ask you stop do not... moreEh?

                • ?
                • Anonymous
                • tZ0
                • 08 Jul 2022

                After Xiaomi a few months ago, now it's Vivo's turn. If you tell me this has nothing to do with

                  • ?
                  • Anonymous
                  • StU
                  • 08 Jul 2022

                  do not redeem nooo stop stop this sir i ask you stop do not redeem sir

                    ALPHABOY17, 08 Jul 2022It smells good xD I smell frittata

                      Why do companies fail to take the consequences into consideration to accommodate a little fortune?

                        • E
                        • Ezekiel
                        • a4}
                        • 08 Jul 2022

                        TheLastOracle, 08 Jul 2022All of Vivo's assets should be seized. They should auc... moreThank God we don't have people like you running the nations.

                          • B
                          • Babla
                          • a4P
                          • 08 Jul 2022

                          China being China doing shady things in other countries and then having the audacity to ask to be judged fairly.

                            All of Vivo's assets should be seized. They should auction the plant or nationalised it.

                              • M
                              • MadriGirl
                              • X$X
                              • 08 Jul 2022

                              Officials fleeing from India proves something was wrong. If you are right, then stay and fight. Simple!

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

                                  • b
                                  • blue
                                  • Mx6
                                  • 08 Jul 2022

                                  Penk2856, 08 Jul 2022Lol. Of course they'll pay $58 million. That's be... moreYou read it wrong.
                                  The sum was seized by India. If the fraud is proven, the fine would be probably much higher than the tax they would pay from the 8 billion.
                                  So much for the great Chinese brands selling cheap phones. Quite impossible without cheating.

                                    Lol. Of course they'll pay $58 million. That's better than paying $8 B

                                      • M
                                      • MHanz
                                      • PII
                                      • 08 Jul 2022

                                      This is what you get for doing business with PRC.

                                        • ?
                                        • Anonymous
                                        • t@S
                                        • 08 Jul 2022

                                        Yes, this is EXTREMELY CLEARLY NOT AT ALL related to the fact that Indian and Chinese governments are in a bad relationship and India is trying to kick out Chinese companies out of its land using whatever the excuses and reasoning available.

                                        /s