BENGALURU -- Indian operations of Chinese smartphone maker Vivo were accused Thursday by the government's anti-money-laundering agency of channeling 624.76 billion rupees ($7.9 billion) outside the country, mostly to China, to avoid paying taxes.
Electronics
India accuses Chinese smartphone maker Vivo of tax fraud
Company said to have operated scheme to take $8bn out of country
A Vivo store in Ahmedabad, India. Chinese smartphone vendors account for more than 60% of the Indian market. © Reuters
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