Vivo ran into trouble last week with Indian authorities, who seized $ 58 million worth of assets after a money laundering investigation. Now Oppo is on the hot spot as local authorities seek $ 551 million (₹ 44 billion) for alleged evasion of customs duties.
This was done in two ways. First, the company is accused of “intentional misrepresentation” of imported tools and components it used to build phones. Second, it did not include various license fees in the price of imported goods, taxes that were sent overseas.
The local anti-smuggling agency found evidence after searching Oppo’s offices in the country and questioning the leaders of the local branch. Oppo’s senior management acknowledged the problem and made an upfront payment of ₹ 4.5 billion, it reports Reuters.
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