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 story : Vivo sent Rs 62,476-cr worth turnover to China: claims ED #FinanceIndia #StockMarketNEWS #Business The payment was done to avoid getting taxed in India New Delhi: A whopping `62,476 crore has been

@StockMarketNEWS Sun 10 Jul, 2022

Posted in: #FinanceIndia #StockMarketNEWS #Business

Vivo sent Rs 62,476-cr worth turnover to China: claims ED #FinanceIndia #StockMarketNEWS #Business
The payment was done to avoid getting taxed in India



New Delhi: A whopping `62,476 crore has been “illegally??? transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said Thursday, as it claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.



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