VIVO & OPPO BAN in INDIA ? | ED Said ViVo destabilize Indian Economy | Trillions Of Scam
Earlier in July ED ( Enforcement Directorate of India) raided ViVo Mobile pvt ltd, on investigation ED founds ViVo was involved in Huge Money Laundry case.
On 5th July Vivo was raided by ED and a case has been booked in Delhi High Court on ViVo for Money Laundaring, ED further added that ViVo tried to distablize Indian economy, sovereign and integrity.
In response Chinese embassy Issued an Statement on they Website stating india should investigate in this matter without being discriminated against Chinese companies'.
On going India-china Border issue and India previous ban on Chinese apps & Services made an assumption in Journalist, Current affair Covering YouTuber and other's mind that India is targetting Chinese Companies due to geo political reasons.
On 7th July ED Declared ViVo had transferred more then 62,000 crores to China to avoid tax by Indian government moreover ViVo was involved with other 23 Chinese companies with high amount of tax envade, those undisclosed 23 Companies have transferred Vivo a huge of money to avoid tax. Vivo's 119 Bank accounts and other assets was freezed by ED.
On 13th July ED un-freeze ViVo accounts for company to continue Business and they also found Oppo was manipulating mobile parts category to avoid huge amount of import duty tax and Oppo is also booked under tax envade by ED.
On 26th July The case is still in Delhi High court, and investigation from ED is still going on, Some Vivo high profile Executive have been booked with Vivo's accountants and Honor calls back they Chinese team from India due to on going case.
Author - Muhammad Ghouse
Assumptions of targeting Chinese companies is good in some ways or else foreign companies will panic due to sudden raids by ED
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