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Beijing Shows Concern Over India's Frequent Probes Into Chinese Companies

 1 year ago
source link: https://nextbigwhat.com/beijing-shows-concern-over-indias-frequent-probes-into-chinese-companies/
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Beijing Shows Concern Over India’s Frequent Probes Into Chinese Companies

  • July 8, 2022

Beijing has criticised New Delhi for launching “frequent investigations” into Chinese companies operating in India, after financial authorities raided Chinese mobile phonemaker Vivo over money-laundering allegations.

The raid was New Delhi’s latest action against a Chinese-owned company, after authorities accused Xiaomi, another device maker, of unlawfully remitting more than $700mn abroad in May. Xiaomi denied wrongdoing.

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