Chinese Vivo officials flee India

[GreatHanWarrior]

Wumaos should know they've been white slaves for a better part of their recent history, to an extent that Mao even offered Chinese women to the white man.

It's only because of the white man that they've become fat today, or else you slaves are so worthless that your own dictator preferred grains over your living bodies.

ok. 150cm little Indian wins 1967. Tell all Indians this.

BTW, now 2022. I know Indians Miss colonial history. So Indians want to be colonized by China. LOL. Let's save this lying poor country.

 

[MajesticPug]

India did proposed them to move their servers to India to continue their operations in India. They failed to do that, and thus was forced to cease operations.

A gaming app would need their servers to be moved to India? LOL... please read and learn if you had no idea what you're talking about. Let me sum up Indian officials' attitude toward any FDI -- greed, jealousy, and hatred. India is the number 1 in nationalism-inspired protective nation. Indians are intelligent - I'll give you that. But their officials (elected or not) from top to bottom are too corrupted and stupid -- not to be disrespectful but true because they were constantly swayed by nationalism from developing to destroying India. Did I not sum up the situation in India the last 70 years?

 

[Cheepek]

I'm very jealous of the country where fathers can rape daughters and animals without recourse. Thanks but ewww... Women are expected to drink with smiles their husbands' feet-washed water.

You are in China, no need to be jealous. Do your thing but don't vomit your fantasies on a public forum.

 

[MajesticPug]

You are in China, no need to be jealous. Do your thing but don't vomit your fantasies on a public forum.

Then do something about the rapes in India. I feel sorry for the Indian women and I wonder there's any Indian women on this forum who can freely express their feelings.

 

[Cheepek]

Then do something about the rapes in India. I feel sorry for the Indian women and I wonder there's any Indian women on this forum who can freely express their feelings.

But I am sure there are a lot of Chinese women on this forum freely expressing how most Han males are rapists and how Han males feel jealous of people indulging in pedophilia, incest and bestiality all over the world.

 

[Jackdaws]

I'm very jealous of the country where fathers can rape daughters and animals without recourse. Thanks but ewww... Women are expected to drink with smiles their husbands' feet-washed water.

Another gem found in Mao's Little Red Book to prevent Chinese from begging for refuge in India seems like.

 

[Jackdaws]

Back on track from the nonsense spewed by the wumaos -


Vivo India remitted about 50% of its turnover to China to avoid taxes: ED
ED seizes funds of Rs 465 crore, Rs 73 lakh in cash and 2 kg gold under anti-money laundering law after raids on Vivo


Home » Current Affairs » News » National
Vivo India remitted about 50% of its turnover to China to avoid taxes: ED
ED seizes funds of Rs 465 crore, Rs 73 lakh in cash and 2 kg gold under anti-money laundering law after raids on Vivo



A whopping Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said Thursday, as it claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.


This money is almost half of Vivo's turnover of Rs 1.25 trillion, it said without stating the time period of the transaction.


The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom "left" India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant, Nitin Garg.
Among the foreigners, one identified as Bin Lou was an ex-director of Vivo and, according to the ED, he left India in April, 2018. Two others -- Zhengshen Ou and Zhang Jie -- left the country in 2021, it said.

"These (23) companies are found to have transferred huge amounts of funds to Vivo India. Further, out of the total sale proceeds of Rs 1,25,185 crore, Vivo India remitted Rs 62,476 crore or almost 50 per cent of the turnover out of India, mainly to China," the ED said in a statement.

These remittances, it added, were made in order to "disclose huge losses in Indian incorporated companies to avoid payment of taxes in India."

The action is being seen as part of the Union government's steps to tighten checks on Chinese entities and the continued crackdown on such firms and their linked Indian operatives that are allegedly indulging in serious financial crimes like money laundering and tax evasion while operating here.

The stepped-up action against the Chinese-backed companies or entities operating in India comes in the backdrop of the military stand-off between the two countries along the Line of Actual Control (LAC) in eastern Ladakh that has been ongoing for more than two years now.

The statement came after the ED raided 48 locations of Vivo Mobiles India Pvt. Ltd. and its associated companies across the country on July 5.

Vivo had said on Tuesday that "as a responsible corporate, we are committed to be fully compliant with laws."

The agency said while it followed "all due procedures as per law" during the raids conducted under the criminal sections of the Prevention of Money Laundering Act (PMLA), it alleged "employees of Vivo India, including some Chinese nationals, did not cooperate with the search proceedings and tried to abscond, remove and hide digital devices which were retrieved by the search teams."

 

[GreatHanWarrior]

150cm little Indian: we won in 1967!

Chinese: OK.

150cm little Indian: MIG 21 shot down F16

The whole world: OK.

150cm little Indian: India has many white slaves in 2030.

The whole world: OK.

150cm little Indian: India will become a 5 trillion economy.

The whole world: OK.

150cm little Indian: vivo tax evasion.

The whole world: OK.
....................

When Indians bring their domestic jokes to the world. You don't have to be serious about Indians.

 

[INS-TRUTH]

150cm little Indian: we won in 1967!

Chinese: OK.

View attachment 859837View attachment 859838View attachment 859839

150cm little Indian: MIG 21 shot down F16

The whole world: OK.

150cm little Indian: India has many white slaves in 2030.

The whole world: OK.

150cm little Indian: India will become a 5 trillion economy.

The whole world: OK.

150cm little Indian: vivo tax evasion.

The whole world: OK.
....................

When Indians bring their domestic jokes to the world. You don't have to be serious about Indians.

Calm down han.

 

[Skull and Bones]

Back on track from the nonsense spewed by the wumaos -


Vivo India remitted about 50% of its turnover to China to avoid taxes: ED
ED seizes funds of Rs 465 crore, Rs 73 lakh in cash and 2 kg gold under anti-money laundering law after raids on Vivo


Home » Current Affairs » News » National
Vivo India remitted about 50% of its turnover to China to avoid taxes: ED
ED seizes funds of Rs 465 crore, Rs 73 lakh in cash and 2 kg gold under anti-money laundering law after raids on Vivo



A whopping Rs 62,476 crore has been "illegally" transferred by smartphone maker Vivo to China in order to avoid payment of taxes in India, the Enforcement Directorate said Thursday, as it claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies.


This money is almost half of Vivo's turnover of Rs 1.25 trillion, it said without stating the time period of the transaction.


The crackdown on the leading Chinese company came after the federal probe agency found that three Chinese nationals, all of whom "left" India during 2018-21, and one other person from that country incorporated as many as 23 companies in India in which they were also helped by a Chartered Accountant, Nitin Garg.
Among the foreigners, one identified as Bin Lou was an ex-director of Vivo and, according to the ED, he left India in April, 2018. Two others -- Zhengshen Ou and Zhang Jie -- left the country in 2021, it said.

"These (23) companies are found to have transferred huge amounts of funds to Vivo India. Further, out of the total sale proceeds of Rs 1,25,185 crore, Vivo India remitted Rs 62,476 crore or almost 50 per cent of the turnover out of India, mainly to China," the ED said in a statement.

These remittances, it added, were made in order to "disclose huge losses in Indian incorporated companies to avoid payment of taxes in India."

The action is being seen as part of the Union government's steps to tighten checks on Chinese entities and the continued crackdown on such firms and their linked Indian operatives that are allegedly indulging in serious financial crimes like money laundering and tax evasion while operating here.

The stepped-up action against the Chinese-backed companies or entities operating in India comes in the backdrop of the military stand-off between the two countries along the Line of Actual Control (LAC) in eastern Ladakh that has been ongoing for more than two years now.

The statement came after the ED raided 48 locations of Vivo Mobiles India Pvt. Ltd. and its associated companies across the country on July 5.

Vivo had said on Tuesday that "as a responsible corporate, we are committed to be fully compliant with laws."

The agency said while it followed "all due procedures as per law" during the raids conducted under the criminal sections of the Prevention of Money Laundering Act (PMLA), it alleged "employees of Vivo India, including some Chinese nationals, did not cooperate with the search proceedings and tried to abscond, remove and hide digital devices which were retrieved by the search teams."

Oppo and One Plus belongs to the same group, I hope GoI goes after them too to recover pending taxes.

 

[MH.Yang]

Inflation in India is now soaring. The CPI has reached 7.8%, which is close to the inflation rate of the USA.

The Indian Rupee exchange rate is accelerating its decline. In just six months, the Indian rupee has fallen from 73 in January to 79 in June. It fell faster than the euro.

India's external trade environment is also deteriorating rapidly. In the first five months of 2022, India's trade deficit reached a record $101 billion. In May this year alone, India's trade deficit reached US $24billion.

India's foreign exchange reserves are only $570billion. In addition, India still has US $620billion in external debt, with a total debt of more than US $1.4 trillion.

Global investors are losing confidence in the Indian economy. In 2021, a record $32billion of investment was withdrawn from the Indian market. In 2021, the loss rate of foreign investment in India was second only to Malaysia and Indonesia.

The unemployment rate in India is gradually rising, with the total unemployment rate exceeding 8% and the urban youth unemployment rate exceeding 22%.

The Indian stock market is also collapsing. The Mumbai 30 index fell by 15% in the first five months of this year, which is the lowest point after the Indian epidemic in 2020.


@Skull and Bones
@Jackdaws
@Cheepek
@Wood
@Chat SAMOSA
@Protest_again
@Hellfire2006
@Sudarshan


Is what I said true?

The Indian govt is so poor that it has begun to rob foreign investors. The experience of VIVO and Xiaomi has warned foreign investors. A large number of Chinese enterprises are relocating from India to Vietnam.

 

[GreatHanWarrior]

Calm down han.

ok.

 

[Jackdaws]

Inflation in India is now soaring. The CPI has reached 7.8%, which is close to the inflation rate of the USA.

The Indian Rupee exchange rate is accelerating its decline. In just six months, the Indian rupee has fallen from 73 in January to 79 in June. It fell faster than the euro.

India's external trade environment is also deteriorating rapidly. In the first five months of 2022, India's trade deficit reached a record $101 billion. In May this year alone, India's trade deficit reached US $24billion.

India's foreign exchange reserves are only $570billion. In addition, India still has US $620billion in external debt, with a total debt of more than US $1.4 trillion.

Global investors are losing confidence in the Indian economy. In 2021, a record $32billion of investment was withdrawn from the Indian market. In 2021, the loss rate of foreign investment in India was second only to Malaysia and Indonesia.

The unemployment rate in India is gradually rising, with the total unemployment rate exceeding 8% and the urban youth unemployment rate exceeding 22%.

The Indian stock market is also collapsing. The Mumbai 30 index fell by 15% in the first five months of this year, which is the lowest point after the Indian epidemic in 2020.


@Skull and Bones
@Jackdaws
@Cheepek
@Wood
@Chat SAMOSA
@Protest_again
@Hellfire2006

Is what I said true?

The Indian govt is so poor that it has begun to rob foreign investors. The experience of VIVO and Xiaomi has warned foreign investors. A large number of Chinese enterprises are relocating from India to Vietnam.

Bye bye.

 

[Beast]

Inflation in India is now soaring. The CPI has reached 7.8%, which is close to the inflation rate of the USA.

The Indian Rupee exchange rate is accelerating its decline. In just six months, the Indian rupee has fallen from 73 in January to 79 in June. It fell faster than the euro.

India's external trade environment is also deteriorating rapidly. In the first five months of 2022, India's trade deficit reached a record $101 billion. In May this year alone, India's trade deficit reached US $24billion.

India's foreign exchange reserves are only $570billion. In addition, India still has US $620billion in external debt, with a total debt of more than US $1.4 trillion.

Global investors are losing confidence in the Indian economy. In 2021, a record $32billion of investment was withdrawn from the Indian market. In 2021, the loss rate of foreign investment in India was second only to Malaysia and Indonesia.

The unemployment rate in India is gradually rising, with the total unemployment rate exceeding 8% and the urban youth unemployment rate exceeding 22%.

The Indian stock market is also collapsing. The Mumbai 30 index fell by 15% in the first five months of this year, which is the lowest point after the Indian epidemic in 2020.


@Skull and Bones
@Jackdaws
@Cheepek
@Wood
@Chat SAMOSA
@Protest_again
@Hellfire2006

Is what I said true?

The Indian govt is so poor that it has begun to rob foreign investors. The experience of VIVO and Xiaomi has warned foreign investors. A large number of Chinese enterprises are relocating from India to Vietnam.

Poor India. Its a small fry only.

 

[Jackdaws]

India's financial crime agency, the Enforcement Directorate(ED), said on Thursday it has blocked 119 bank accounts linked to Vivo's India business which were holding 4.65 billion rupees ($58.76 million), as part of a probe into alleged money laundering by the Chinese smartphone maker.

Vivo remitted almost 50% of its total sales of 1,251.85 billion rupees ($15.82 billion) to China "in order to disclose huge losses in Indian incorporated companies to avoid payment of taxes in India," the agency alleged in the press statement.