Officials said the search operation has been initiated after information of tax evasion. In a statement, Xiaomi said: “As a responsible company, we give paramount importance to ensuring that we are compliant with all Indian laws. As an invested partner in India, we are fully cooperating with authorities to ensure they have all the required information.” In August, Chinese government-controlled telecom vendor ZTE was searched. Searches were conducted at five premises of ZTE, including their corporate office, the residence of the foreign director, the residence of the company secretary, the account person and the cash handler of the company.
New Delhi, India: The Income Tax Department has raided three Chinese mobile phone companies today. According to sources, the searches are being undertaken in five states and are targeting the businesses Oppo, Xiaomi, and One Plus. Here are the Top Five Takeaways from this major article. The Department is raiding twenty-five locations across five states, including the metropolises of Delhi, Mumbai, Bengaluru, and Kolkata. According to sources, Income Tax inspectors are also searching the offices of Xiaomi and Oppo leaders.