Vivo India remitted ₹62,476-cr worth of its turnover to China to avoid taxes in India | Mint - Mint

While carrying out searches at 48 locations across the country belonging to Vivo Mobiles India and its 23 associated companies, the ED has seized balance of ₹465 crore from 119 bank accounts

In order to avoid paying taxes in India, Chinese mobile manufacturer firm Vivo India "remitted" about 50% of its turnover, which is 62,476 crore, mainly to China.

full article...