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Vivo India has about US$59 million in assets seized by Indian tax authorities

Started by Redaktion, July 10, 2022, 16:21:51

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Redaktion

Vivo's division and subsidiaries in India have been subject to raids by the country's financial Enforcement Directorate. The governmental body has confiscated balances - some gold bars included - totalling about US$59 million from a vast array of accounts held by the company. The move is reportedly linked to alleged tax evasion related to all Vivo sales made in India thus far.

https://www.notebookcheck.net/Vivo-India-has-about-US-59-million-in-assets-seized-by-Indian-tax-authorities.634102.0.html

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