vivo said "this move is illegal" and will damage the company's business operation, asking the Indian court to thaw an account

[Global Times Reporter Ni Hao] Reuters reported on the 8th that a legal document showed that Chinese mobile phone manufacturer vivo has sought to revoke the decision to revoke the Indian law enforcement bureau to freeze its bank account, saying that the move is "illegal" and and and of. It will damage the company's business operations.

Data map. Picture source: IC Photo

According to a statement issued by the Indian Law Enforcement Bureau on the 7th, the Indian Law Enforcement Bureau searched the 48 places of Vivo India and 23 related companies on the 5th of the Indian Law Enforcement Bureau on the 5th. In this statement, the Indian Law Enforcement Bureau accused Vivo India's in order to evade taxes and remitted 624.76 billion rupees to China and other places. The amount was equivalent to about half of the company's revenue. The Indian Law Enforcement Bureau said that it has frozen 119 bank accounts related to Vivo India, with a total amount of 4.65 billion rupees (about 386 million yuan), including vivo India's 660 million rupees, 2 kg of gold bars and about 730,000 rupees. cash.

The document submitted by Vivo to the New Delhi High Court stated that the company will not be able to pay legal membership fees and wages due to the frozen account. Vivo stated that he is working with the authorities and is committed to fully abide by Indian law. Vivo's court documents list 10 bank accounts affected by the decision. The company said that the monthly money to be paid was about 28.26 billion rupees (about 2.396 billion yuan). Reuters said that the New Delhi High Court asked the Indian Law Enforcement Bureau to make a decision on the request made by vivo before July 13.

On the 5th of this month, Vivo told the Global Times reporter after being raided by the Indian Law Enforcement Bureau in many places in India that as a responsible company, vivo strictly abide by all local laws and regulations in India. As of the release of the reporter on the 8th, Vivo has not responded to the latest progress of the situation.

Reuters quoted statistics that in the first quarter of 2022, the number of domestic smartphones in India reached 38 million units, and the market leader Xiaomi share was 24%, South Korea Samsung was 18%, and vivo was 15%. Followed by. However, while the rapid rise of Chinese mobile phone brands in India has also become the key target of the Indian authorities. Since the beginning of this year, vivo has been the third Chinese mobile phone manufacturer who has been searched.

Regarding the investigation of Vivo by the Indian side, a spokesman for the Chinese Embassy in India recently said that the practice of India's frequent investigation of Chinese enterprises not only disturbed the normal business activities of the enterprise, damaged the goodwill of the enterprise, but also hindered the improvement of the Indian business environment. The confidence and willingness of market entities, including Chinese enterprises, investing in investment and operation in India. He called on India to investigate law enforcement in accordance with laws and regulations, and effectively provide Chinese enterprises with a fair, fair, and non -discriminated business environment for Chinese enterprises in India.

- END -